Legalizing all forms of illegal activities
A) reduces GDP and reduces the size of the underground economy.
B) reduces GDP and increases the size of the underground economy.
C) increases GDP and increases the size of the underground economy.
D) increases GDP and reduces the size of the underground economy.
D
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Which of the following does not determine fiscal policy?
A. Congress through tax laws. B. The Federal Reserve. C. Congress through government expenditures. D. The president.
Autonomous consumption is always
A. positive. B. zero. C. negative.
A firm's accounting profit is also its
A) economic profit. B) income statement. C) net income. D) statement of liabilities.
Suppose the quantity of money is greater than the quantity of money demanded. In the short run, what occurs to set the quantity of money equal to the quantity of money demanded?
What will be an ideal response?