According to the Malthusian prediction in the long run:
a. growth in real output of an economy would eventually become negative.
b. growth in real output of an economy will eventually reach a stable level.
c. scarcity would be completely eliminated

In the short run, when the Fed increases the quantity of money, the

A) quantity demanded of money decreases. B) demand for money increases. C) nominal interest rate falls. D) demand for money decreases. E) price level decreases.

An example of a final good would be

A) the coffee beans sold to Starbucks. B) the whipped cream sold to Starbucks. C) the soy milk sold to Starbucks. D) a soy latte sold by Starbucks to a student.