Current account surpluses are offset by
A) the liquidity balances.
B) capital account deficits.
C) unilateral transfers.
D) balance of trade surpluses.
B
Economics
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Prior to almost all recessions since 1950, there has been a drop in
A) inflation. B) the money stock. C) the growth rate of the money stock. D) interest rates.
Economics
Income tax on the wealthy to finance the welfare for the poor causes income redistribution. This is an example for the trade-off
A) Which goods and services to produce. B) How to produce. C) Who gets the goods and services. D) Who produces the goods and services.
Economics