According to the classical theory, the aggregate supply curve is

When there is a positive externality in a free market, too much of the good is produced and consumed

Indicate whether the statement is true or false

What impact did colonial inflation have on the colonial economy?

(a) An overall increase in private consumption spending in colonial America (b) A decrease in interest rates in colonial America (c) A decrease in colonial exports and a rise in colonial imports (d) An increase in the exchange rates between colonial money and specie