A small open economy is an economy
A) in which both imports and exports are less than 5% of GDP.
B) whose firms and consumers are individually, but not collectively price takers.
C) whose firms and consumers are collectively, but not individually price takers.
D) whose firms and consumers are individually and collectively price takers.
D
Economics
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Which of the following equals the change in an economy's capital stock from one period to the next?
A) wealth B) stock C) gross investment D) depreciation E) net investment
Economics
Both ________ and ________ are Federal Reserve assets
A) currency in circulation; reserves B) currency in circulation; securities C) securities; loans to financial institutions D) securities; reserves
Economics