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9 Cards in this Set
- Front
- Back
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In an ___ economy, spending does not equal output and saving does not equal investment.
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open
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The net outflow of "loanable funds", or the the country purchases of foreign assets minus foreign purchases of domestic assets.
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net capital outflow
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trade balance = net ___ ___
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foreign investment
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As of the end of 2011, U.S. debt to the rest of the world is about ___.
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$4 trillion
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no restrictions on international trade in assets
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perfect capital mobility
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the relative prices of domestic currency in terms of foreign currency
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nominal exchange rate
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the relative price of domestic goods in terms of foreign goods
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real exchange rate
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For a given value of ε, the growth rate of e equals the difference between ___ and ___ inflation rates.
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foreign; domestic
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A doctrine that states that goods must sell at the same (currency-adjusted) price in all countries.
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Purchasing Power Parity
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