The real quantity of money is
A) inversely related to GDP.
B) measured in current dollars.
C) inversely related to the price level.
D) measured in constant dollars.
D
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Explain how and why an all-volunteer army may actually be cheaper than an army staffed with drafted soldiers
What will be an ideal response?
Publicly provided health insurance for the poor will
A. raise the price of health care to the non-poor. B. decrease the total amount of health care consumed. C. raise the price of health care to the non-poor and decrease the total amount of health care consumed. D. raise the level of health care consumed by the non-poor.
If supply is more elastic than demand, the seller will pay _____ of a tax.
Fill in the blank(s) with the appropriate word(s).
A factor market is a market in which
A) households buy goods and services. B) households sell the services of the factors of production they control. C) firms sell the services of the factors of production. D) firms sell goods and services.