Recall the Application. Greece faced a major financial crisis in 2010 as its budgetary imbalance became quite severe. Since Greece is a member of the Euro-zone, it could no longer ________ as a potential solution to its financial problems

If banks hold excess reserves, then the increase in the money supply that is brought about by an increase in demand deposits will not be as large as its potential

Indicate whether the statement is true or false

To justify restricting trade, the less-developed countries have more reason to use this argument than industrially advanced countries

a. retaliation b. national security c. cheap foreign labor d. infant industries e. unionized foreign labor