The U.S. balance of trade:
a. typically is positive since the United States exports far more goods than it imports.
b. is the difference between merchandise exports and merchandise imports

Describe the difference between discretionary and automatic fiscal policy

What will be an ideal response?

If you hold money in anticipation of household emergency expense, this represents the::

a. speculative demand for holding money. b. transactions demand for holding money. c. opportunity cost motive for holding money. d. precautionary demand for holding money. e. regressive cost of holding money.