When a country exports a good because the world price is higher than the no-trade domestic price, domestic purchases of the good ________ and domestic production of the good ________

Explain how GDP is measured according to the expenditure and income approaches

What will be an ideal response?

In a simplified system where all banks have uniform reserve requirements and checkable deposits are the only form of money, the money multiplier is equal to 1 over the required reserve ratio

a. True b. False Indicate whether the statement is true or false