Most recessions last approximately three years
a. True
b. False
B
Economics
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How does the two-good, two-country version of the Ricardian model differ from the two-country, many-good model in terms of the determination which goods are produced and exported by each country?
What will be an ideal response?
Economics
If business inventory changes are negative, it means that they were not intended
Indicate whether the statement is true or false
Economics
Conscious manipulation of the interest rate causes it to become a less effective tool in allocating resources among time periods.
Answer the following statement true (T) or false (F)
Economics
The average trade balance from 2005 through 2008 was $____________ billion which was reduced to $____________ billion in 2009.
Fill in the blank(s) with the appropriate word(s).
Economics