An increase in the price level is defined as

Reform of a country's trading system, including the reduction or elimination of trade barriers, is an example of

A) an orthodox stabilization plan. B) a heterodox stabilization plan. C) economic populism. D) import substitution industrialization. E) structural reform.

If there is a decrease in taxes on business firms in a small open economy, it causes the current account to ________ and the equilibrium amount of saving to ________

A) fall; fall B) rise; remain unchanged C) fall; remain unchanged D) rise; fall