Suppose the world was on the gold standard. If Japan ran persistent trade surpluses,
A. Japan's money supply would increase.
B. Japan would experience inflation.
C. Japan's exports would fall.
D. All of the choices are true.
D. All of the choices are true.
Economics
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A study of the impact of various government policies on economic growth would be considered:
A. macroeconomics. B. government economics. C. marginal economics. D. microeconomics.
Economics
Firms taking advantage of ____________ accounts for the downward slope in the long-run average cost curve.
A. diseconomies of scale B. the production function C. economies of scale D. marginal cost
Economics