Trade between industrial countries account for the majority of international trade
a. True
b. False
Indicate whether the statement is true or false
True
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Exchange Rates
The Federal Reserve Act of 1913 required that
A) state banks be subject to the same regulations as national banks. B) national banks establish branches in the cities containing Federal Reserve banks. C) national banks join the Federal Reserve System. D) state banks could not join the Federal Reserve System.
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in aggregate demand. B. increase in aggregate demand. C. decrease in short-run aggregate supply. D. increase in short-run aggregate supply.
An economic profit of zero indicates a satisfactory situation for the firm
a. True b. False Indicate whether the statement is true or false