If there is a deficit in the financial accounts, ________.
A. the sum of the capital account and the current account must be less than zero
B. the sum of the reserve account and capital account must be zero
C. the sum of the current account and the reserve account must be greater than zero
D. the sum of the current account, reserve account, and capital account must be zero
Answer: A
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If the demand and supply both increase equally, then the equilibrium price ________, and the equilibrium quantity ________
A) increases; increases B) does not change; increases C) decreases; does not change D) increases; does not change E) increases; decreases
If a union raises initiation fees significantly and if employers in the industry hire only union workers, the supply of union labor curve will shift to the left
a. True b. False