The aggregate supply curve is shifted to the right (outward) by a decrease in the price of any input to the production process.
Answer the following statement true (T) or false (F)
True
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In the foreign exchange market, a balance of payments deficit is represented by:
A) excess supply of dollars. B) excess demand for dollars. C) equilibrium in the foreign exchange market. D) none of the above.
Members of the Board of Governors serve
A) fourteen year terms. B) four-year terms. C) at the discretion of the Federal Reserve Chairman. D) at the discretion of the President of the United States.
A rational decision maker engages in an activity if that activity is more attractive than the best alternative
a. True b. False
A corporation that operates in several countries, but produces all of its output in its domestic country, is called a(n)
a. sole proprietorship b. international partnership c. multinational corporation d. international corporation e. domestic corporation