Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.  

Once a country has a comparative advantage in producing a product, it cannot lose that advantage

Indicate whether the statement is true or false

Although checking deposits are considered money, they are actually

a. fictitious numbers in persons' checkbooks. b. backed by commodities like gold. c. not very useful for making payments. d. bookkeeping entries in bank balance sheets.