An excludable good is a good that a producer can prevent people from consuming

"The long-run Phillips curve is downward sloping." Is the previous statement correct or incorrect?

What will be an ideal response?

In the simple deposit expansion model, a decline in checkable deposits of $1,000 when the required reserve ratio is equal to 10 percent implies that the Fed

A) sold $1,000 in government bonds. B) sold $100 in government bonds. C) purchased $1,000 in government bonds. D) purchased $100 in government bonds.