If money is superneutral,
A) a one-time change in the money supply has no real impact.
B) a one-time change in the money supply has a real impact.
C) a change in the money growth rate has no real impact.
D) a change in the money growth rate has a real impact.
C
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If government spending increased by $100 billion and the MPS within the economy was 0.25, what would be the total impact on real GDP?
a. $25 billion increase b. $75 billion increase c. $133 billion increase d. $400 billion increase
Which of the following price indices comes closest to measuring the cost of living of the typical household?
A) GDP deflator B) producer price index C) consumer price index D) household price index
Without orphan drug laws,
A. people without parents could not afford drugs. B. people with uncommon diseases would have little hope of companies seeking a cure for their ailment. C. more people would risk losing their parents to disease. D. people with common diseases would have little hope of companies seeking a cure for their ailment.
Which of the following is NOT an example of a transfer payment?
A. Social Security benefits B. government salaries C. food stamps D. unemployment compensation