During an inflationary period, those most likely to suffer reduced wealth are those who are holding their wealth in:
a. gold

Suppose the Fed wants to increase the money supply. The most frequent way used to do this is

a. increase the discount rate b. decrease the prime rate c. buy US corporate stock from banks d. buy US govt bonds from banks

The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called absolute advantage

Indicate whether the statement is true or false