Multiple Choice
The United States current account deficit as a percentage of GDP has generally
A) worsened in the 2000s
B) improved in the 2000s
C) remained relatively unchanged in the 2000s
D) the U.S. has been running a current account surplus in the 2000s
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The equilibrium level of national income in
Q3: In the real world,the automatic income,price,and interest
Q8: In order to isolate the income adjustment
Q9: In the Keynesian model,in short-run equilibrium,the trade
Q11: If MPS=0.2 and MPM=0.3,the foreign trade multiplier
Q12: When considering the impact of foreign repercussions
Q13: By itself,the automatic income adjustment mechanism is
Q15: A depreciation of a deficit nation's currency
Q16: Why is the foreign trade multiplier smaller
Q18: Why is the foreign trade multiplier smaller