According to the law of comparative advantage, individuals and economies should specialize in producing those goods and services in which they have a comparative advantage

Which of the following changes aggregate supply and shifts the aggregate supply curve?

i. change in the price level ii. change in potential GDP iii. change in the money wage rate A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii

The Fed can directly lower the inflation rate

Indicate whether the statement is true or false