The United States became a debtor nation in

As a percentage of GDP, U.S. imports have been ________ and U.S. imports have been ________ since 1950

A) growing; declining B) declining; growing C) growing; growing D) declining; declining

Which of the following statements is (are) correct? The Mundell-Fleming model is

a. a new closed-economy model. b. implicitly assumes a fixed domestic price level. c. is an open-economy version of the IS-LM model. d. Both b and c