The creation of new bank reserves could lead to a multiple increase in the money supply
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is not classified as a final good?
A. Fresh vegetables purchased by a restaurant B. New clothing purchased by a college student C. A new car purchased by a family D. A new machine purchased by a business
The largest merchandise exporting country is ______________.
Fill in the blank(s) with the appropriate word(s).
Comparative advantage means the ability to produce a good or service
A) at a lower selling price than any other producer. B) at a lower opportunity cost than any other producer. C) of a higher quality than any other producer. D) at a higher profit level than any other producer.
The intersection of GG and LL determines
A) the optimal level of integration desired by Norway. B) the maximum integration level desired by Norway. C) the minimum level of integration that will cause Norway to join the fixed exchange rate regime. D) the maximum level of integration that will cause Norway to join the fixed exchange rate regime. E) the maximum level of integration that can aid Norway if it joins the fixed exchange rate regime.