It may be misleading to label a trade deficit as unfavorable or adverse because:
A. the multiplier does not apply to a trade deficit.
B. a trade deficit increases a nation's aggregate output and employment.
C. a nation's consumers benefit from a trade deficit during the period it occurs.
D. a trade deficit precludes inflation.
C. a nation's consumers benefit from a trade deficit during the period it occurs.
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The opportunity cost of economic growth is ________ and the benefit of economic growth is ________
A) increased current consumption; increased future consumption B) increased current consumption; decreased future consumption C) decreased current consumption; increased future consumption D) decreased current consumption; decreased future consumption E) nothing; increased future consumption
List and briefly explain the primary goals of the Fed
What will be an ideal response?