The supply of loanable funds can decrease as international and domestic savers send their saving to other international markets
a. True
b. False
Indicate whether the statement is true or false
True
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Monetarists argue that the Federal Reserve should allow the money supply to grow:
a. counter to the business cycles. b. faster than 10 percent annually. c. only during recessions. d. at a constant rate.
If oranges and grapefruit are close substitutes, an increase in the price of oranges will shift the demand curve of
A. both products to the right. B. both products to the left. C. grapefruit to the right. D. oranges to the left.
The most popular diagnosis of poverty is Flawed Character
Indicate whether the statement is true or false
Given the scenario described, if the market price of hammers increased from $8 to $11:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. total producer surplus would increase by $3. B. total producer surplus would increase by $6. C. total producer surplus would increase by $9. D. total producer surplus would increase by $4.