If the Fed's monetary policy causes a substantial increase in interest rates, what is the most likely impact on velocity?

When there is only one buyer of labor in a community, we talk of a

A) monopoly. B) monopsony. C) monopolistic market. D) labor cooperative.

Which of the following statements best summarizes the essence of public choice analysis? a. Public choice analysis applies economic principles to political science issues

b. Public choice analysis applies political science principles to traditionally economic issues. c. Public choice analysis assumes that government leaders are primarily motivated by what is best for the community, unlike private interest groups. d. none of the above