A state bank receives its charter from a specific state and can function only in that state
Indicate whether the statement is true or false
T
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A decrease in the price of a good will
a. increase demand. b. decrease demand. c. increase quantity demanded. d. decrease quantity demanded.
Velocity equals GDP __________ the money supply
A) plus B) multiplied by C) divided by D) minus
Which of the following is not associated with an adverse supply shock?
a. the short-run Phillips curve shifts left
b. unemployment rises
c. the price level rises
d. output falls
If all firms had to bear all the social costs of their actions, we should observe marginal cost curves
A) of all firms shifting up. B) of some firms shifting up, of some others shifting down, and of the rest not shifting at all. C) of all firms that had generated externalities shifting up while there would be no change for the rest of the firms. D) of some firms shifting up and of the rest shifting down.