Credit cards are NOT a part of the M1 or M2 money supply
Indicate whether the statement is true or false
TRUE
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A country exports a good if
A) it has a high opportunity cost of production. B) the world price of the good is above the country's no-trade equilibrium price. C) the quantity demanded of the good in the country is greater than the quantity supplied at the world price. D) it cannot import the good. E) the world price of the good is below the country's no-trade equilibrium price.
If net capital flows were -28 billion and domestic investment was 17 billion, then the amount of domestic savings was
A) -11 billion. B) 45 billion. C) 11 billion. D) -9 billion.
The Phillips curve shows that when the unemployment rate is lower than the natural rate,
A) inflation is higher than expected. B) inflation is lower than expected. C) policy rate is higher than expected. D) policy rate is lower than expected.
Wage differentials exist because not all workers and all jobs are alike
a. True b. False Indicate whether the statement is true or false