Which of the following is the best example of a normative question?
A. Will increasing the money supply affect interest rates?
B. How does the market for corn work?
C. Will the redistribution of income make society better off?
D. How do prices affect the market for coffee?
Answer: C
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When a movement up along the aggregate supply curve occurs, there is also
A) no movement along nor a shift in the short-run Phillips curve. B) a rightward shift of the short-run Phillips curve. C) a movement up along the short-run Phillips curve. D) a movement down along the short-run Phillips curve. E) a leftward shift of the short-run Phillips curve.
Which is NOT a function of money?
Resources used in the production process
What will be an ideal response?
The capture theory of regulation holds that regulators use their influence and power to support the well being of the regulatory agency itself.
Indicate whether the statement is true or false.