Points below internal balance line YY in the Swan diagram indicate:
A) a balance of payments deficit
B) a balance of payments surplus
C) unemployment
D) inflation
Correct Answer:
Verified
Q4: To correct a balance of payments surplus
Q5: Direct controls refer to:
A)tariffs,quotas,and other quantitative restrictions
Q6: To correct a balance of payments deficit
Q7: The most important economic objective of industrial
Q8: To correct a balance of payments deficit
Q10: If the BP curve is above the
Q11: To correct unemployment and a balance of
Q12: In a world of perfectly elastic international
Q13: In order to achieve internal and external
Q14: The IS curve is negatively inclined because:
A)the
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