Every time a bank calls in a loan, demand deposits are created
a. True
b. False
B
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Movements up along a particular short run Phillips curve are not consistent with: a. Increases in aggregate demand
b. Movements up along the short run aggregate supply curve. c. Movements up along the long run aggregate supply curve. d. Movements up along a particular short run Phillips curve are consistent with all of the above.
The theory of comparative advantage explains that the gains from international trade result from pursuing comparative advantage and producing at a lower opportunity cost.
Select whether the statement is true or false. A. True B. False
During an election year, the federal government would most likely increase _____
Fill in the blank(s) with the appropriate word(s).
Supply shift to the left=
What will be an ideal response?