According the Stolper-Samuelson theorem, the scarce factor in any given country should oppose international trade by that country
Indicate whether the statement is true or false
TRUE
Economics
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For deflation to occur,
A) national income must decrease. B) real GDP must decrease. C) the price level must decrease. D) nominal GDP must decrease.
Economics
Most of the day-to-day power in monetary policy decisions lies with
A) the President of the United States. B) the Senate Banking Committee. C) the chairman of the Board of Governors. D) large commercial banks.
Economics