When it is said that trade between nations can make both sides of the trade better off, this means that all citizens in each nation will benefit
a. True
b. False
Indicate whether the statement is true or false
False
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An increase in demand deposits would ____ M1 and ____ M2. a. increase; increase
b. not change; increase. c. decrease; decrease. d. not change; decrease.
Long-run full-employment equilibrium assumes:
A. a downward-sloping production function. B. a downward-sloping long-run supply curve (LRAS). C. the CPI index price level equals the equilibrium wage rate. D. aggregate demand (AD) equals short-run aggregate supply (SRAS) equalslong-run aggregate supply (LRAS).?
Suppose that aggregate demand increases along the upward sloping portion of the aggregate supply curve. What is the result?
A. Nominal GDP and real GDP decrease by the same amount. B. Nominal GDP increases more than real GDP increases. C. Real GDP increases more than nominal GDP increases. D. Nominal GDP and real GDP increase by the same amount.
How does the decreasing use of traditional cameras affect the market for traditional camera film?
A) The demand curve for traditional camera film shifts to the right. B) The quantity of traditional camera film demanded decreases. C) The quantity of traditional camera film demanded increases. D) The demand curve for traditional camera film shifts to the left.