Which of the following countries became the newest members of the European Union in 2007?
A) Bulgaria and Romania
B) Greece and Sweden
C) Albania and Cyprus
D) None of the above
A
Economics
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Deciding what the distribution of income should be is an example of normative economics.
Answer the following statement true (T) or false (F)
Economics
If the Fed buys $20 billion of U.S. bonds in the open market and the reserve requirement is 5 percent, M1 will eventually
A. Decrease by $400 billion. B. Decrease by $100 billion. C. Increase by $100 billion. D. Increase by $400 billion.
Economics