In a business cycle, a peak marks the end of an expansion and the beginning of a recession
a. True
b. False
Indicate whether the statement is true or false
True
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The Keynesian short-run aggregate supply curve is demonstrated graphically as a
A) vertical line. B) horizontal line. C) upward sloping curve. D) downward sloping curve.
In the simple liquidity-preference model, the money supply curve is:
A. vertical, and moves at the sole discretion of the Fed. B. horizontal, and moves at the sole discretion of the Fed. C. vertical, and moves when people change their rate of savings. D. horizontal, and moves when people change their rate of savings
Most changes in the money supply are the consequence of a change in the required reserve ratio
a. True b. False
Economic growth in China has lead to extensive air and water pollution because of what?