The U.S.'s high trade deficit must be balanced by:

A. net capital inflows.
B. high net capital outflows.
C. low net capital outflows.
D. None of these statements is true.

A. net capital inflows.

Economics

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There are four limitations to the effectiveness of discretionary fiscal policy. Which item below is NOT one of these limitations?

A) shrinking area of lawmaker discretion B) lawmaking time lag C) estimating potential GDP D) fiscal multiplier E) economic forecasting

Economics

There is virtually no difference between

A. primary reserves and secondary reserves. B. secondary reserves and required reserves. C. required reserves and primary reserves.

Economics