Author Question: If the current account and capital account are both in surplus, the official reserve account does ... (Read 175 times)

Pineappleeh · **on:** Jun 30, 2018

If the current account and capital account are both in surplus, the official reserve account does not have to be in deficit.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In the aggregate expenditures model, if aggregate expenditures (AE) are greater than GDP, then:
a. inventory is unchanged.
b. inventory is accumulated.
c. employment decreases.
d. GDP increases.