In the U.S. balance of payments, U.S. purchases of assets abroad are a(n):
A. U.S. dollar outflow.
B. U.S. dollar inflow.
C. current account item.
D. inpayment.
A. U.S. dollar outflow.
Economics
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Deposits in savings accounts are included in
A) M1. B) M2. C) both M1 and M2. D) neither M1 nor M2.
Economics
An inflationary gap can be closed with
A) using an expansionary monetary policy. B) using a policy action such as a reduction in taxes. C) using a policy action such as a reduction in government purchases. D) imposing price controls to prevent prices from rising.
Economics