Refer to Figure 33-2. If the economy starts at A, a decrease in the money supply moves the economy
a. to A in the long run
b. to C in the long run
c. back to A in the long run
d. to D in the long run
Ans: b. to C in the long run
Economics
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U.S. exports are goods and services
A) produced abroad and sold to Americans. B) produced in the United States and sold to Americans. C) produced abroad and sold to foreigners. D) produced in the United States and sold to foreigners.
Economics
In the principal-agent problem, the principal is:
A. a person who entrusts someone with performing a task. B. a person who carries out a task on someone else's behalf. C. a person who is in charge of an educational system. D. a person who is the source of the problem.
Economics