You travel to Paris and pay for a $100 dinner with your credit card. How is this accounted for in the balance of payments?

Suppose that country A pegs its currency to that of country B. Now suppose that there is an adverse demand shock in country A. Country B is more likely to cooperate and increase its money supply in response to country A's adverse demand shock when:

A) country B's output is below its preferred level. B) country B is experiencing high rates of inflation. C) country B wants country A to devalue its currency. D) country A is experiencing high rates of inflation.

The layoff of workers in virtually all industries during the 1982 recession is an example of the classification of workers as

A) voluntarily unemployed. B) structurally unemployed. C) cyclically unemployed. D) frictionally unemployed.