When nations trade, it:
A. only benefits the stronger nation.
B. only benefits the weaker nation.
C. can benefit all nations involved.
D. can only benefit one nation, but we cannot say whichnation without more information.
C. can benefit all nations involved.
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C/D is the currency drain ratio and R/D is the desired reserve ratio. The money multiplier equals
A) . B) . C) . D) . E) .
An increase in expected inflation will shift the short-run Phillips Curve
Indicate whether the statement is true or false
Does economic growth eliminate scarcity?
If Anne receives more satisfaction as she consumes more shoes, then:
A. the marginal utility of shoes is positive. B. the marginal utility of shoes is negative. C. the marginal utility of shoes is constant. D. the marginal utility of shoes is zero.