An increase in the average price level will lead to a decrease in the demand for reserves

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

False

Economics

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Who answers the key economic questions in a centrally planned government?

(A) Government (B) Firms (C) Consumers (D) Households

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Positive economic analysis

a. involves the study of firms with positive profits. b. involves how resources are actually used in an economy. c. involves judgments on how resources should be used in an economy. d. is usually thought to be a waste of time.

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