Multiple Choice
In the late 1980s and early 1990s, the UK consistently ran
A) deficits in both the current account and the capital account.
B) current account deficits and capital account surpluses.
C) surpluses in both the current account and the capital account.
D) current account surpluses and capital account deficits.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: If the current account is in deficit,
Q26: The supply curve for sterling on the
Q27: Under a floating exchange rate, contractionary fiscal
Q28: What is not a part of the
Q29: Which of the following are likely to
Q31: Under fixed exchange rates, interest rates are
Q32: In the long run under fixed exchange
Q33: Which of the following measures is suitable
Q34: The UK has been a net importer
Q35: If the economy is in the expansionary