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Author Question: Starting at full employment, a business cycle can be described by the following sequence: ________ ... (Read 57 times)

sdfghj

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on: Jun 29, 2018
Starting at full employment, a business cycle can be described by the following sequence: ________ equilibrium, ________ equilibrium, ________ equilibrium.
 
  A) full-employment; below full-employment; above full-employment
  B) below full-employment; full-employment; above full-employment
  C) above full-employment; below full-employment; full-employment
  D) below full-employment; full-employment; below full-employment

Question 2

To pay for a current account deficit, a country can
 
  A) borrow money from abroad.
  B) lend money abroad.
  C) increase official reserves to cover the shortfall.
  D) transfer money from the capital account to the official settlements account.


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zogaridan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


sdfghj

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Reply 2 on: Jun 29, 2018
Excellent

kilada

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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