An expansionary fiscal policy is used to close an inflationary gap
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following would be a liability to a bank?
a. cash in the vault b. a loan to a new business c. a checking account of a professor d. All of the above are correct.
If Americans demand goods produced in Mexico, it leads to a demand for Mexican pesos and a supply of U.S. dollars on the foreign exchange market.
Answer the following statement true (T) or false (F)
The term oligopoly indicates:
A. a one-firm industry. B. many producers of a differentiated product. C. a few firms producing either a differentiated or a homogeneous product. D. an industry whose four-firm concentration ratio is low.
Economics is the study of
A) the allocation of scarce resources to satisfy unlimited wants. B) why some people want certain goods and services. C) earning the most income. D) ways to use fewer resources.