A decrease in supply shifts the supply curve to the left
a. True
b. False
Indicate whether the statement is true or false
True
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What are the three properties of economic fluctuations?
What will be an ideal response?
The agreement that established Spain and Portugal's rights to explore various parts of the world was called:
a. the Treaty of Spain. b. the Treaty of Paris. c. the Treaty of Tordezillas. d. the Spanish-Portuguese Covenant. e. the London Accord.
In a monopsonistic market, a firm's demand curve for labor is equal to its marginal revenue product and has a nonzero slope
Indicate whether the statement is true or false
When cash or coins are deposited in a transactions account at a bank, the money supply immediately increases by the amount of the deposit multiplied by the money multiplier.
Answer the following statement true (T) or false (F)