Under monetary neutrality, an increase in the money supply causes output to ________ and the price level to ________
A) rise; rise
B) rise; not change
C) not change; not change
D) not change; rise
D
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The gains from consumer surplus and producer surplus occur when
A) both consumers and producers engage in voluntary exchange. B) consumers are willing to buy a good but producers are not willing to provide it. C) producers are willing to provide a good but consumers are not willing to pay for it. D) the government supplies the good instead of firms.
When women and members of other minority groups are forced into occupations where they are unable to obtain the human capital necessary to compete for high paying jobs, it is termed as statistical discrimination
a. True b. False Indicate whether the statement is true or false
Economics is considered to be one of ______________ disciplines
a. natural science b. mathematical c. humanities d. social science e. fine arts
Poverty is a mainstream event experienced by a majority of Americans
a. True b. False Indicate whether the statement is true or false