If you purchase a share of stock from your friend who initially purchased the stock three years ago, your purchase of the stock represents a transaction in the secondary financial market
Indicate whether the statement is true or false
TRUE
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When the price level falls
A) imports increase, and exports decrease, which causes a movement up along the aggregate demand curve. B) there is no impact on imports or exports, so there is no associated movement along the aggregate demand curve. C) imports decrease and exports increase, which cause a movement down along the aggregate demand curve. D) imports decrease and exports increase, which cause a movement up along the aggregate demand curve.
According to the classical model, if the government wanted to increase employment, it could do so by increasing its own spending. That would lead firms to produce more output, for which they would need to hire more workers
a. True b. False
The Commodity Credit Corporation was created by the
a. Federal Reserve Act b. United States Constitution c. Agricultural Adjustment Act d. New Deal e. Great Society
The long-run supply curve in a competitive market is more elastic than the short-run supply curve
a. True b. False Indicate whether the statement is true or false