A country that borrows more from the rest of the world than it lends to it in a year is called a ________, and a country that lends more to the rest of the world than it borrows from it in a year is called a ________.
A) borrower; lender
B) importer; exporter
C) net borrower; net lender
D) gross borrower; gross lender
Question 2
The quantity of money that people choose to hold is
A) positively related to the nominal interest rate.
B) positively related to real GDP.
C) negatively related to the price level.
D) positively related to the availability of ATM machines.
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Global Stratification: Income of the World's Nations
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