An increase in the interest rate causes
A) a movement down along the money demand curve.
B) the money demand curve to shift to the left.
C) a movement up along the money demand curve.
D) the money demand curve to shift to the right.
C
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Many things that society values, such as good health, high-quality education, enjoyable recreation opportunities, and desirable moral attributes of the population, are not measured as part of GDP. It follows that
a. GDP is not a useful measure of society's welfare. b. GDP is still a useful measure of society's welfare because providing these other attributes is the responsibility of government. c. GDP is still a useful measure of society's welfare because it measures a nation's ability to purchase the inputs that can be used to help produce the things that contribute to welfare. d. GDP is still the best measure of society's welfare because these other values cannot actually be measured.
Which of the following is the most important reason for growing inequality in the income distribution in the United States?
A. an increase in demand for highly educated workers B. inheritances C. discrimination D. a steady increase in tuition and fees for a college education