A decrease in the availability of an important major resource such as oil shifts aggregate supply left.

Suppose a nation opens up to free trade and becomes an exporter of goods. Which of the following is then true?

A) The nation as a whole suffers losses. B) Sellers lose. C) Buyers lose. D) Buyers gain.

Economists have:

A. defined money broadly but still only measure currency in circulation. B. one specific measure of the supply of money. C. no systematic way of measuring the supply of money. D. several different measures of the supply of money.