The main source of loanable funds in an economy is the foreign direct investment made into the economy
a. True
b. False
Indicate whether the statement is true or false
False
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
Pieces of property that serve as a store of value are called
A) assets. B) units of account. C) liabilities. D) borrowings.
Which of the following is a microeconomic question?
A) Why do economies experience periods of high inflation? B) Will Federal Reserve intervention lower the inflation rate? C) Why has growth in the economy increased since the end of the recession? D) Will the merger of American Airlines and US Airways increase or decrease airfares?
Frederic Bastiat and Adam Smith both presented cogent arguments
A. for protection of infant industries. B. for protection against trade with countries that had low wages. C. for protection for industries important to national defense. D. for free trade.