A country with no trade and no borrowing and lending relationships with other countries is known as a(n)
A) closed economy. B) planned economy. C) open economy. D) market economy.
A
Economics
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If the short run aggregate supply curve is flat, the Phillips curve will be
a. flat b. steep c. horizontal d. upward sloping
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The shutdown point of a perfectly competitive firm occurs at the minimum point of its average total cost curve
a. True b. False Indicate whether the statement is true or false
Economics