The official settlements account contains data on
A) trade complaints that are officially settled.
B) capital imports and exports.
C) official reserves.
D) officials' expenses.
E) official governmental complaints between countries.
C
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The interest rate that banks change one another on overnight loans is called the
What will be an ideal response?
If the government uses fiscal policy to close a recessionary gap,
A) taxes must be cut by more than the gap because of the tax multiplier. B) government expenditure must be increased by more than the gap because of the government expenditure multiplier. C) taxes must be raised by more than the gap because of the tax multiplier. D) government expenditure can be increased by less than the gap because of the government expenditure multiplier. E) taxes can be raised by less than the gap because of the tax multiplier.