Money is destroyed when
A. loans are made.
B. checks written on one bank are deposited in another bank.
C. loans are repaid.
D. the net worth of the banking system declines.
C. loans are repaid.
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Which of the following will NOT shift the short-run aggregate supply function?
A) changes in labor costs B) changes in the costs of nonlabor inputs C) changes in the price level D) changes in the expected price level
A legal condition under which any damages or debts incurred by a business are the owner's personal responsibility
What will be an ideal response?
The table below shows the number of labor hours required to produce one gallon of wine and one pound of cheese in the United States and France. The opportunity cost of producing cheese in the United States is Labor hours to make:In the United StatesIn France1 gallon of wine4.001.001 pound of cheese1.002.00
A. 0.5 gallon of wine. B. four gallons of wine. C. one gallon of wine. D. 0.25 gallon of wine.
Referring to the Aggregate Demand - Aggregate Supply diagram in Figure 8.1, which box should be filled with the label AD for the aggregate demand curve? 
A. Box 1 B. Box 2 C. Box 3 D. Box 4