Trade allows all countries to achieve greater prosperity
a. True
b. False
Indicate whether the statement is true or false
True
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An emphasis on inflation stability is compatible with a nonactivist stance only when shocks to the macroeconomy are ________
A) permanent supply shocks B) temporary supply shocks C) aggregate demand shocks D) all of the above E) none of the above
The only way that the family can consume more and enjoy a higher standard of living is to:
A. increase the amount each person produces. B. decrease the amount each person produces. C. increase how many people are in the family. D. increase both how many people are in the family, and the amount each one produces.
According to the following graphs, what is X1?
The price of Y is $15 per unit.
A. 20 B. 12 C. 10 D. 18 E. none of the above
In the short run, it is necessary to ________ a good whenever excess demand exists.
A. price allocate B. nonprice ration C. discontinue distribution of D. increase production of