An upward shift in the Fed's policy reaction function is a ________ of monetary policy, and the aggregate demand curve ________.

Arbitrage refers to the act of:

a. buying low in one market and selling high in another market. b. buying high in one market and selling low in another market. c. decreasing the market concentration of a firm in an economy. d. increasing the market power of a firm in an economy.

A country has a current account deficit if it is saving more than it is investing domestically.

Answer the following statement true (T) or false (F)