In recent years, the United States has:
A. exported more goods and services than it has imported.
B. imported more goods and services than it has exported.
C. realized an approximate balance in its imports and exports.
D. experienced a falling absolute dollar amount of imports and a rising absolute dollar amount
of exports.
B. imported more goods and services than it has exported.
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Assume the demand function for a particular good can be written as P = 150 - 6Q. When P = 12, the point elasticity of demand equals 2.08
Indicate whether the statement is true or false
Suppose the Fed conducts an open market purchase of bonds. This monetary policy action will tend to cause
A) the price of bonds to increase, and the interest rate to increase. B) the price of bonds to increase, and the interest rate to decrease. C) the price of bonds to decrease, and the interest rate to increase. D) the price of bonds to decrease, and the interest rate to decrease.