If official reserves increase, then we know that the
A) capital and financial account is positive.
B) official settlements account balance is negative.
C) capital and financial account and the current account must sum to zero.
D) capital and financial account is negative.
E) official settlements account balance is positive.
B
Economics
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The "gold-standard" is a system in which:
A) gold mining firms own the right to print currency. B) people use gold as a medium of exchange. C) paper currency is backed by gold. D) gold is imported into the U.S. in exchange of paper currency.
Economics
Describe, in general terms, how an economist calibrates a macroeconomic model. What statistics can be usefully examined to see how well the model corresponds to the data?
What will be an ideal response?
Economics