When the feedback effects from income to the money market are included,
a. a given change in the money supply will cause a smaller change in the quantity of money demanded.
b. a given change in the money supply will cause a larger change in the interest rate
c. given change in the money supply will cause no change in the interest rate
d. a given change in the money supply will cause a smaller change in the interest rate
e. a given change in the money supply will cause a larger change in the quantity of money demanded.
D
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Which of the following is included in the category of corporate profits when measuring GDP?
I. Profits paid as dividends. II. Undistributed profits. III. Income received by owners and operators of businesses. A) I only B) I and II C) I and III D) I, II and III
The recent trend internationally has been for the executive and legislative branches of elected governments to get more control over monetary policy, as has been the case in countries such as the United States
Indicate whether the statement is true or false
According to the late Julian Simon
A) legal immigrants have a favorable impact on the welfare of American citizens, but illegal immigrants have a negative impact. However, the positive effect of the legal immigrants is stronger than the negative impact of the illegal immigrants. B) legal immigrants have a favorable impact on the welfare of American citizens, but illegal immigrants have a negative impact that almost exactly offsets the positive effect of the legal immigrants. C) legal and illegal immigrants have a positive effect on the welfare of American citizens. D) legal and illegal immigrants have a negative effect on the welfare of American citizens.
Producer surplus directly measures
a. the well-being of society as a whole. b. the well-being of buyers and sellers. c. the well-being of sellers. d. sellers' willingness to sell.