When the money market is drawn with the value of money on the vertical axis, a decrease in the money supply leads people to
a. spend more so the value of a dollar rises.
b. spend more so the value of a dollar falls.
c. spend less so the value of a dollar rises.
d. spend less so the value of a dollar falls.
c
Economics
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How might the discount rate used in project appraisal be adjusted to account for environmental concerns? Is there a better way to address these concerns?
What will be an ideal response?
Economics
John Rawls' argument for maximizing the well-being of those who are least well off in society recognizes _____
a. that everyone is the same b. that the disincentives toward earning income inherent in redistribution c. that social welfare is maximized when income is equalized d. a and c
Economics