Given What You Know About the Sizes of Economies, Which

question 121

Multiple Choice

Given what you know about the sizes of economies, which of the following countries probably would find it impossible to borrow more than $1 trillion?

• A) Egypt
• B) Vietnam
• C) Russia
• D) Croatia
• E) All of these answers are correct.

---

Definitions:

Phillips Curve

An economic theory suggesting an inverse relationship between the level of unemployment and the rate of inflation within an economy.

Unemployment

The state of being jobless and actively seeking employment.

Inflation

The pace at which the universal cost levels of goods and services elevate, shrinking the value of money to buy.

Money Supply

The money supply is the total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.