A current account deficit in a nation's balance of payments ...

[nummyann]

A current account deficit in a nation's balance of payments accounts implies that
 
  a. imports are equal to exports.
  b. exports exceed imports.
  c. expenditures are more than income.
  d. income is more than expenditures.

Question 2

In the Monetarist model, the long-run holds when
 
  a. the money supply is constant.
  b. real wages are constant.
  c. output is constant.
  d. the expected price level equals the actual price level.
  e. none of the above.

[dellikani2015]

Answer to Question 1

C

Answer to Question 2

D

[nummyann]

TYSM

[mcarey591]

Excellent