A surplus in a country's trade balance means that:
a. its net exports exceed transfer payments.
b. the country's currency is over-valued.
c. the value of its net exports is positive.
d. imports into the country exceed exports.
e. domestic savings exceeds domestic investment.
c
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Figure 4.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from
A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
Refer to Figure 16-1. Suppose the economy is in short-run equilibrium above potential GDP and wages and prices are rising
If contractionary policy is used to move the economy back to long run equilibrium, this would be depicted as a movement from ________ using the static AD-AS model in the figure above. A) D to C B) A to E C) C to B D) B to A E) E to A