Assuming all else equal, if ________, net exports are positive.
A) exports exceed transfer payment B) imports exceed exports
C) imports exceed transfer payments D) exports exceed imports
Lawland imports cell phones worth 1,000 billion, and exports coffee worth 820 billion in a year.
Question 2
The two key objectives of the Fed are:
A) low and predictable levels of inflation, and interest rates above 10.
B) zero inflation, and zero unemployment.
C) low and predictable levels of inflation, and maximum levels of employment.
D) low and predictable levels of inflation, and zero unemployment.
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