Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to remain the same.
b. Demand for real goods and services to remain the rise and M2 money supply to fall.
c. Demand for real goods and services to rise and M2 money multiplier to remain the same.
d. Demand for real goods and services to remain the same and M2 money supply to rise.
.C
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The Other America, which challenged the notion that we had conquered poverty, was written by ___________.
Fill in the blank(s) with the appropriate word(s).
The interaction of supply and demand explains
A) the prices of goods and services but not their quantities. B) the quantities of goods and services but not their prices. C) both the prices and the quantities of goods and services. D) neither the prices nor the quantities of goods and services.
If marginal cost is zero, with an optimal two-part tariff
A) total revenue is maximized. B) the firm does not have to charge a fixed-fee portion. C) consumers maximize their surplus D) firms may not maximize profit.
There are several competing models of the business cycle because
A) none currently captures all facets of the business cycle. B) they are all rooted in different philosophical traditions. C) different shocks need different models. D) they depend on the type of policy that is adopted.