Refer to Figure 8.2. At P = $80, the profit-maximizing output in the short run is

According to the Keynesian model of the money market, the supply of money

a. depends on the interest rate. b. is chosen by the central bank. c. varies with the price level. d. varies with income.

If a country has absolute advantage in the production of all goods, then it will have no incentive to trade

Indicate whether the statement is true or false