Which of the following is true?
a. both b and c
b. the U.S. capital account records international transactions involving purchases of investments
c. the U.S. capital account records international transactions involving sales of investments
d. U.S. capital refers to the export of real capital only
e. U.S. capital outflows result when foreigners purchase U.S. assets
A
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A consequence of hyperinflation is that people
A) increase the quantity of money demanded. B) receive higher real wage hikes, which increases their purchasing power for goods and services. C) who make fixed-payment loans to others receive higher payments as inflation increases. D) spend time trying to keep their money holdings near zero. E) want to lend funds because interest rates are so high.
A decline in expected future output would cause the IS curve to
A) shift up and to the right. B) shift down and to the left. C) remain unchanged. D) shift up and to the right only if people face borrowing constraints.