Under a gold standard, a country with a trade deficit should expect
A. gold to flow out of the country to other countries.
B. gold to flow into the country from other countries.
C. the value of its currency to appreciate.
D. the value of its currency to depreciate.
A. gold to flow out of the country to other countries.
Economics
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The component of aggregate expenditure that is not like other components because, in general, it is directly neutral to macroeconomic changes is:
A. consumption spending. B. investment spending. C. government spending. D. net export spending.
Economics
If 1 Canadian dollar costs 0.60 U.S. dollars, 1 U.S. dollar costs:
A. 0.40 Canadian dollars. B. 1.67 Canadian dollars. C. 0.60 Canadian dollars. D. 1.40 Canadian dollars.
Economics