M1 money includes all the following except
a. traveler's checks
b. demand deposits
c. savings accounts
d. paper money
e. coins
C
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When there are sustained increases in real GDP over time, we say that the economy is undergoing
A) a recession. B) economic growth. C) massive changes in productive capacity. D) economic stagnation.
The rightward shift of the RS curve will lead to a ________ in the real interest rate, ________ in investment, and ________ in aggregate demand
A) fall; an increase; a decrease B) rise; an increase; an increase C) rise; a decrease; a decrease D) fall; an increase; an increase E) rise; an increase; a decrease
The most fundamental concept in economics is that
What will be an ideal response?
In Table 17.2, the United States has 
A. an absolute advantage but not a comparative advantage in coffee. B. an absolute and comparative advantage in both goods. C. an absolute advantage but not a comparative advantage in apples. D. an absolute and comparative advantage in coffee.