In the long run, a decrease in the money supply will
A) decrease real Gross Domestic Product (GDP).
B) increase real Gross Domestic Product (GDP).
C) increase the price level.
D) decrease the price level.
D
Economics
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A tax where wealthy people pay a larger percentage of their income than poor people is known as a(n):
a. excise tax. b. flat tax. c. proportional tax. d. progressive tax. e. regressive tax.
Economics
Tools used by economists include
a. historical study. b. mathematical reasoning. c. statistical inference. d. All of the above are correct.
Economics