________ within the U.S. can make loans to foreigners but cannot make loans to domestic residents
A) Edge Act corporations
B) International Banking Facilities
C) Universal banks
D) Euro banks
B
Economics
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Refer to the above figure. Suppose the original long-run equilibrium was at point B. What could have caused the move to the current equilibrium?
A) Aggregate demand must have decreased. B) Input prices must have increased, causing long-run aggregate supply to increase. C) Decreases in the price level caused short-run aggregate supply to fall. D) A temporary reduction in production due to bad weather.
Economics
The cross-price elasticity of two goods is 2. This tells us the two goods are:
A. substitutes. B. complements. C. unrelated. D. inelastic.
Economics