Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to remain the same and monetary base to remain the same.
b. Demand for real goods and services to remain the same and M2 money supply to fall.
c. Demand for real goods and services to rise and M2 money multiplier to remain the same.
d. Demand for real goods and services to rise and M2 money supply to rise.
.C
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A Gini coefficient of ________ means that an income distribution is perfectly equal and a Gini coefficient of ________ means the income distribution is perfectly unequal
A) 1; 0 B) 0, 100 C) 100, 0 D) 0; 1
When deciding where to locate, businesses _____
a. will always locate in the lowest tax area b. pay no attention to property taxes c. might move to a high property tax area if local amenities are good d. will always locate closest to their customer base
Firms may easily enter a monopolistically competitive market
a. True b. False
If the quantity demanded increases by 20 percent in response to a 10 percent decrease in price, demand is classified as:
a. unstable. b. relatively inelastic. c. relatively elastic. d. of unitary elasticity.