Both M1 and M2 are monetary values much larger than nominal GDP
a. True
b. False
Indicate whether the statement is true or false
False
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A rightward shift in the aggregate demand curve can be caused by an increase in:
a. the price level. b. business investment spending. c. taxes. d. production costs.
A freely floating exchange rate brings some risks to people who are actively engaged in foreign trade
a. True b. False Indicate whether the statement is true or false
The cost savings from outsourcing often lead to ________ for consumers and ________ for the outsourcing company.
A. lower prices; less output B. lower prices; more output C. higher prices; less output D. higher prices; more output
The paintings of a world famous artist Vincent Van Gogh have a price elasticity of supply
A) equal to 2.0. B) equal to 1.0. C) close to 0.0. D) approaching infinity.