In the balance of payments accounts, changes in U.S. official reserves are recorded in the
A) international currency account.
B) current account.
C) international reserves account.
D) official settlements account.
E) capital and financial account.
D
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Suppose the U.S. dollar depreciates, and monetary authorities respond to stabilize both output and inflation. Which of the following is a correct description of the short-run consequences?
A) output, inflation, and the real interest rate have all increased B) output, inflation, and the real interest rate have returned to their original values C) output and inflation are higher, while the real interest rate has fallen D) output and inflation have returned to their original values, while the real interest rate is increased
Wealth in the United States is:
A. distributed in a way that reduces the degree of income inequality. B. more unequally distributed than is income. C. less unequally distributed than is income. D. distributed in a way that has no effect on income inequality.