If a country experiences deflation, its currency will increase in value relative to its trading partners, ceteris paribus
Indicate whether the statement is true or false
T
Economics
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Changes in ________ do not affect the level of aggregate supply in the long run
A) the number of workers in the economy B) the price level C) the amount of accumulated capital equipment D) technology
Economics
Assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent and checkable deposits are the only form of money. A bank that received a new checkable deposit of $10,000 would be able to extend new loans up to a maximum of
A. $2,000.
B. $8,000.
C. $9,000.
D. $10,000.
Economics