In 2014, South America had a lower average GDP per capita than any other continent
Indicate whether the statement is true or false
FALSE
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If a central bank is said to be leaning against the wind, they have signaled that they will
A) intervene to reverse the current trend of their currency. B) intervene to accelerate the current trend of their currency. C) not intervene in the currency markets at all. D) work together with their opposition even if it is politically difficult.
When a bank loans out $1,000, the money supply
A. increases. B. decreases. C. does not change. D. None of the above is correct.
It is likely that for most people:
A. coffee and non-dairy creamer are substitutes. B. coffee and tea are substitutes. C. coffee and coffee mugs are substitutes. D. coffee and Coke are complements.
Refer to the information provided in Figure 3.16 below to answer the question(s) that follow.
Figure 3.16Refer to Figure 3.16. When the economy moves from Point B to Point A, there has been
A. a decrease in demand and a decrease in quantity supplied. B. a decrease in both supply and demand. C. a decrease in supply and a decrease in quantity demanded. D. an increase in supply and a decrease in quantity demanded.