A trade deficit means a net: a. inflow of payments for goods and services b.outf

Question

A trade deficit means a net:

a. inflow of payments for goods and services

b.outflow of goods and services

c. inflow of goods and services

d. excess of exports over imports

The version of aggregate supply that allows for changes in both product prices and resource prices is the:

a. immediate short run

b. short run

c.immediate long run

d. long run

The difference between M1 and M2 is that:

a. the former includes time deposits

b. the latter includes small- denominated time deposits, non-checkable savings accounts. money market deposit accounts, and money market mutual fund balances

c. the latter includes negotiable government bonds

d. the latter includes cash held by commercial banks and the U.S Treasury

Explanation / Answer

A trade deficit means a net:

c. inflow of goods and service

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The version of aggregate supply that allows for changes in both product prices and resource prices is the:

b. short run

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a. the former includes time deposits

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