When the economy is producing the maximum amount that it can, increasing the money supply will cause prices and output to increase
Indicate whether the statement is true or false
FALSE
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Household production is not measured in the GDP
Indicate whether the statement is true or false
All of the payment to a factor of production will be economic rent when the factor of production has:
A) an infinitely inelastic supply curve. B) an infinitely elastic supply curve. C) a constant, unit elastic supply curve. D) an infinitely inelastic demand curve.
Ceteris paribus, the price of a stock will definitely increase when the
A. Prevailing interest rate increases. B. Demand for the stock increases. C. Supply of the stock increases. D. Demand for the stock and supply of the stock both decrease.
Other things the same, during recessions taxes tend to
a. rise. The rise in taxes stimulates aggregate demand. b. rise. The rise in taxes contracts aggregate demand. c. fall. The fall in taxes stimulates aggregate demand. d. fall. The fall in taxes contracts aggregate demand.