Market forces can easily determine a currency's international role, yet government decree is most important in determining the international reserve currency status of a currency
Indicate whether the statement is true or false
FALSE
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The supply curve indicates the minimum quantity that a producer would be willing to supply at alternative prices
Indicate whether the statement is true or false
Which of the following is the most likely cause of most recessions according to the new classical model?
a. a change in the money supply. b. an increase in taxation and government spending. c. a fall in expected profits. d. a rise in the price of oil. e. an unanticipated change in the money supply.
The above figure shows the demand and marginal cost curves for a monopoly. The deadweight loss of this monopoly equals
A) h. B) c. C) c + f. D) c + d + e + f.
The term investment, in the language of economists, refers to the purchases of stocks, bonds, and other financial instruments
a. True b. False