When the money supply increases, there is an excess _____ of money. As a result, interest rates _____ and aggregate demand _____

The key factor leading to the financial crises in Mexico and the East Asian countries was

A) a deterioration in banks' balance sheets because of increasing loan losses. B) severe fiscal imbalances. C) a sharp increase in the stock market. D) a sharp decline in interest rates.

Suppose Joe Rich owns his own company and does not pay himself a salary. This means the salary he could have earned in alternative employment is considered an implicit cost for the firm

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