Starting from a position of internal and external balance a reduction in aggregate demand will cause a current account ?
A. deficit
B. surplus
C. revaluation
D. devaluation
A. deficit
B. surplus
C. revaluation
D. devaluation
A. 20%
B. 4%
C. 3.5%
D. 2.7%
A. Rearranged loans
B. Rescheduled loans
C. Altered loans
D. None of these
A. Price is greater than marginal cost
B. price equals marginal cost
C. price is less than marginal cost
D. None of the above
A. additional investment funds made available from overseas
B. lack of investor confidence in U.S fiscal policy
C. market expectations of rising inflation in the United States
D. American tourists overseas finding costs increasing
A. there are many EU and government health controls on cosmetic products
B. there are a very large number of firms in the industry
C. firms spend a large amount of money on advertising
D. profit margins are very high for both producers and retailers
A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
B. The classical model to explain the prolonged existence of high unemployment during the Great Depression
C. fine tuning during the 1960s
D. the economy to grow at a rapid rate during the 1950s