ECON 201 FINAL EXAM Answers
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TRUE / FALSE
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TrueFalseA side benefit of international trade is that it links national interestsand increases the opportunity costs of war.
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True FalseWhen C Ig GDP in a private closed economy, S Ig and thereare no unplanned changes in inventories.
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True FalseThe risk-free interest rate is the rate on long-term U.S. governmentbonds.
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True FalseBond prices and interest rates are directly or positively related.
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True FalseThe public debt is the accumulation of all deficits and surplusesthat have occurred through time.
- True FalseThe M2 money supply may be larger or smaller than the M1 moneysupply depending on the size of small-denominated time depositbalances and Money Market Mutual Fund...
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