The current account balance consists of
A) the trade balance plus the services balance.
B) net exports of goods and services, minus net unilateral transfers.
C) net exports of goods and services, plus net income from abroad, plus net unilateral transfers.
D) net exports of goods and services, plus net income from abroad, plus net unilateral transfers, minus the financial account balance.
C
Economics
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Which of the following is the most likely cause of a recession according to classical and new classical models?
a. government policy. b. unstable expectations. c. a fall in expected profits. d. an anticipated change in the money supply. e. none of the above.
Economics
Economic models are often expressed in
A. equations. B. words. C. graphs. D. physical objects.
Economics