The real business cycle model best explains the procyclicality of the nominal money supply by

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a

A) decrease in the demand for lettuce. B) decrease in the supply of lettuce. C) decrease in both the demand and supply of lettuce. D) rightward movement along the demand curve for lettuce.

An increase in the price level in the United States will reduce exports and increase imports

Indicate whether the statement is true or false