Creative destruction is most often associated with:
A. International trade
B. Technological advance
C. Government spending
D. Private consumption
B. Technological advance
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In the market for bananas, the price is $2.00 a bunch. An increase in the supply of bananas decreases the price of bananas and ________
A) the quantity supplied increases because the price falls B) increases the demand for bananas C) increases the quantity of bananas demanded D) creates a shortage of bananas
When a bank receives a check drawn on an account from another commercial bank, the bank gains
A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.
The real interest rate can be negative
a. True b. False Indicate whether the statement is true or false
Supply-side economists argue ______ the regulation of product markets because regulation _______ economic growth.
A. in favor of; stimulates B. against; stimulates C. in favor of; inhibits D. against; inhibits