A tax imposed at every stage of production is a

According to the interest-rate-based monetary policy transmission mechanism, an increase in the money supply generates

A) increased spending on consumer goods and services directly, which causes an increase in aggregate demand. B) an increase in aggregate supply since the supply of money is part of aggregate supply. C) lower interest rates, which causes an increase in planned real investment spending and an increase in aggregate demand. D) an increase in nominal GDP and a change in the price level, but no change in real GDP.

Measuring the impact of a quota or tariff on the U.S. economy is an example of ________. Stating that a quota or tariff should be eliminated is an example of ________

A) econometric analysis; protectionism B) positive analysis; normative analysis C) statistical analysis; economic analysis D) trade analysis; an opinion