An increase in demand deposits would ____ M1 and ____ M2.
a. increase; increase

A country that has a lower opportunity cost of producing a good:

a. has a comparative advantage. b. can produce the good using fewer resources than another country. c. requires fewer labor hours to produce the good. d. all of these.

If some non-price level determinant causes total spending to decrease, then the effect on aggregate demand will be a: a. movement upward along the curve

b. movement downward along the curve. c. shift to the left. d. shift to the right.