The money stock in the economy is
a. the amount of wealth accumulating in the economy, such as currency and demand deposits
b. the amount of wealth accumulating in the economy, such as money market mutual funds and stocks.
c. the quantity of money circulating in the economy, such as currency and demand deposits.
d. the quantity of money circulating in the economy, such as money market mutual funds and stocks.
c
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Assume goods X and Y are substitutes. An increase in the price of X would cause the demand for Y to increase
Indicate whether the statement is true or false
The optimal quantity of pollution is: a. zero
b. the level where the marginal cost of pollution abatement exceeds the marginal benefit of pollution abatement by the greatest amount. c. the level where the marginal benefit of pollution abatement exceeds the marginal cost of pollution abatement by the greatest amount. d. none of the above.
Why might well-educated economists disagree on appropriate public policy in some situations?
Identify how a demand schedule translates to a demand curve (graph)
What will be an ideal response?