Full employment occurs only when the unemployment rate is 0%

If the Fed increases the supply of bank reserves, ________

A) consumption falls B) investment falls C) the federal funds rate falls D) the inflation rate falls

Empirical tests of the theory of comparative advantage have provided

A) strong support for both the Ricardian and Heckscher-Ohlin models. B) mixed support for the Ricardian model and strong support for the Heckscher-Ohlin model. C) strong support for the Ricardian model and mixed support for the Heckscher-Ohlin model. D) mixed support for both Ricardian and Heckscher-Ohlin models. E) no support for either the Ricardian or the Heckscher-Ohlin models.