A good that is rival and excludable is a ________

Under the monetary growth rule proposed by the monetarists, the money supply would grow each year at a constant rate equal to the long-run rate of growth of

A) employment. B) inflation. C) interest rates. D) real GDP.

A sudden rise in the market demand in a competitive industry leads to

a. A short run market equilibrium price higher than the original equilibrium b. A market equilibrium higher than the short run price c. Some firms exiting the market d. All of the above