In the short run the firm has no more than one fixed input
a. True
b. False
Indicate whether the statement is true or false
False
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The interest rate effect is part of the reason
A) the long-run aggregate supply curve is vertical. B) the aggregate demand curve is downward sloping. C) the short-run aggregate supply curve is upward sloping. D) the aggregate demand curve is upward sloping.
Adopting the Single European Act had broad popular support; the Treaty on European Union was more controversial
Indicate whether the statement is true or false
An economy's PPC illustrates the extent to which the economy consumes what it produces
a. True b. False Indicate whether the statement is true or false
If the Fed buys $10 million dollars in government bonds from a bank, and the legal reserve requirement is 20 percent, the banking system is able to expand the money supply by
a. $10 million b. $8 million c. $2 million d. $40 million e. $50 million