Holding all else constant, in the short run, an increase in the money supply can cause a(n)
What will be an ideal response?
increase in real gross domestic product (GDP)
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If price is above the equilibrium price, then there will be:
A. excess demand. B. both excess supply and excess demand. C. excess supply. D. neither excess supply nor excess demand.
A negative externality:
A. is a payment received to parties not involved in the production or consumption of a good. B. results from the absence of well-defined property rights. C. is a cost borne by parties not involved in the production or consumption of a good. D. is a cost borne by parties not involved in the production or consumption of a good and results from the absence of well-defined property rights.
For an actor whose natural talent is almost impossible to duplicate
A. part of his earnings consists of economic rents. B. none of his earnings consist of economic rents since rent applies only to land. C. all of his earnings consist of economic rents. D. all of his earnings consist of interest payments.
What is an income statement?
What will be an ideal response?