Author Question: If the current account balance is -450 billion, the capital and financial account balance is 440 ... (Read 154 times)

colton · **on:** Jun 29, 2018

If the current account balance is -450 billion, the capital and financial account balance is 440 billion, then the official settlements balance is

A) 890 billion.
B) 0 because it is always zero.
C) 10 billion.
D) -890 billion.
E) -10 billion.

Question 2

A rise in the real interest rate ________ consumption expenditure and ________.

A) decreases; shifts the consumption function downward
B) decreases; results in a movement downward along the consumption function
C) decreases; shifts the consumption function upward
D) increases; shifts the consumption function upward
E) increases; shifts the consumption function downward