If the official settlements account is zero, whenever the United States has a current account deficit, it must also have a capital account deficit

Tom's consumption possibilities is defined by

A) his income and the prices of the goods that he consumes. B) his preferences for consumption of the goods that he consumes. C) the prices of the goods that he consumes only. D) his income only.

The long-run aggregate supply relationship refers to: a. a time period long enough for the prices of both outputs and inputs to adjust to changes in the economy. b. any time period of more than a year

c. a time period in which input prices can change, but output prices have not had time to adjust. d. a time period in which output prices can change but input prices have not had time to adjust.