The increasing attractiveness of a variety of liquid financial assets has caused the
A) velocity of M1 to rise.
B) demand for M1 to rise.
C) velocity of M1 to decline.
D) supply of M1 to decline.
A
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Refer to the following graph. An increase in aggregate demand when the economy is already at full employment is reflected as a rightward shift of the aggregate demand curve from
a. AD1 to AD2.
b. AD2 to AD3.
c. AD3 to AD4.
d. AD4 to AD5.
The economist Hernando de Soto extensively studied:
a. the problem of scarcity. b. opportunity costs. c. insecure property rights. d. economic freedom in rich countries. e. the sources of comparative advantage in trade.
Absolute advantage is irrelevant, because knowing the absolute number of labor hours required to produce a good does not tell us if we can benefit from trade
a. True b. False Indicate whether the statement is true or false
Economic growth would be illustrated by
A) a rightward shift of aggregate demand. B) a leftward shift of aggregate demand. C) a rightward shift of aggregate supply. D) a leftward shift of aggregate supply.