The Bank of Techland is the largest bank in Techland. Which of the following is likely to be true if this bank fails?

A) Real interest rates in Techland will fall. B) Labor supply in Techland will fall.
C) Real wages in Techland will remain unchanged. D) Techland's output will fall.

D

Economics

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Refer to Figure 9.7. Before the policy was implemented, producer surplus was

A) $30. B) $60. C) $45,000. D) $90,000. E) $180,000.

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Monetarists argue that the long-run Phillips curve is negatively sloped

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

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