The ability of Intel to spread product development costs over a larger number of units of output arises from:

Monetarists argue that the relationship between:

A. The quantity of money the public wants to hold and the level of GDP is not stable B. The quantity of money the public wants to hold and the level of GDP is stable C. The quantity of money the public wants to hold and the level of saving is stable D. Velocity and the interest rate varies directly

Crowding out is when government borrowing and spending result in __________ interest rates, which reduces business investment and household consumption.

a. flat b. higher c. lower d. reduced