A measure of seignorage, in real terms, is ________
A) ? ×
B) ?B + ?M
C) r ×
D) Y - T - C
A
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Which one of the following statements is true?
a. A static reserve index will indicate a longer resource lifetime than an exponential reserve index b. A reserve base index indicates a longer resource lifetime than a reserve index c. Most non-renewable resource prices have increased over the past 40 years d. Eventually all physical reserves of non-renewable resources will be depleted e. The price path for a non-renewable resource typically looks like an inverted U shape
income-expenditure framework, if planned aggregate expenditures less than real gross domestic product (GDP)
What will be an ideal response?
Stickiness of wages
A) is unrelated to stickiness of prices. B) reinforces stickiness of prices. C) lessens the stickiness of prices. D) may or may not reinforce stickiness of prices.
Does the restoration of historic buildings create a positive externality or does it create a negative externality?