According to the U.S. Bureau of Economic Analysis, by the third quarter of 2014, U.S. investors had accumulated ________ of foreign assets.

The net effect of a stronger dollar on real GDP is

A) an increase in the price level. B) dependent on whether the increase in aggregate supply is more or less than the decrease in aggregate demand. C) a decrease in real GDP. D) an increase in real GDP.

Euro-optimists believe that the Eurozone has been successful because:

A) it has not collapsed since its inception. B) the euro is becoming a reserve currency for foreign central banks. C) European inflation has fallen to 10% annually. D) there are no exit mechanisms for countries to leave the Eurozone.