The SAS curve shifts if there is a change in the price level
Indicate whether the statement is true or false
FALSE
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Explain the theory of optimum currency areas
What will be an ideal response?
The Single European Act
A) created a common currency. B) created a free trade area. C) created a customs union. D) created a common market for capital and labor.
When the price of DVDs falls relative to movie and restaurant prices, and consumers buy more of the DVDs, economists call this
A. substitution. B. satisfaction. C. marginalization. D. indifference.
You can put your $100 in Bank A that pays 8% at the end of the year. You can also put your $100 in Bank B that pays 4% at the end of six months and then 4% again at the end of the year. You will keep your $100 and all interest in the bank. At the end of the year
A) the total will be the same at both banks. B) the total at Bank A will be greater. C) the total at Bank B will be greater. D) the total could be larger at either bank.