Which of the following is included in both the balance of trade and the balance of payments?
A) exports
B) earnings on domestic assets owned by foreign residents
C) international capital movements
D) earnings by domestic residents on assets located abroad
A
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If the demand for British pounds decreases,
a. the equilibrium price of the pound will increase b. the equilibrium price of the pound will decrease c. the equilibrium price of the pound will not change d. the equilibrium price of the pound will change, but we need additional information to predict the direction of the change e. no one can predict what will happen
According to the rational expectations theory, when the economy is at its long-run equilibrium output level, fully anticipated fiscal and monetary policies will affect the unemployment rate but not the inflation rate
a. True b. False Indicate whether the statement is true or false