In 2008, net exports in the U.S. were
a. $1,831 billion.
b. -$2,539 billion.
c. -$900 billion.
d. -$1,500 billion.
e. -$708 billion.
E
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The symmetry-integration diagram shows a set of situations under which a nation should fix or float. There is a set of combinations of integration and symmetry beyond which the benefits of fixing outweigh the costs. This is shown as:
A) a positively sloped line from the origin, equidistant from both axes. B) a negatively sloped line, above which a nation should fix and below which a nation should float. C) a curved line that follows a random path through the space, coming close but never touching either axis. D) a curved line, the slope of which is at first negative, then increases at an increasing rate as the benefits of fixing increase exponentially
An increase in the currency drain ratio
A) decreases the monetary base. B) increases the quantity of money. C) increases bank reserves. D) does not change the amount of the monetary base. E) does not change the quantity of money.