Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to rise.
b. Demand for real goods and services to remain the same and M2 money supply to rise.
c. Demand for real goods and services to remain the same and M2 money multiplier to rise.
d. Demand for real goods and services to rise and monetary base to remain the same.
.D
Economics
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Ray buys a new tractor for $118,000 . He receives consumer surplus of $13,000 on his purchase. Ray's willingness to pay is
a. $13,000. b. $105,000. c. $118,000. d. $131,000.
Economics
Suppose Alice sells a good for $60 on eBay. If the producer surplus from the sale is $25, Alice's cost of the good must have been:
A. $35. B. $25. C. $60. D. $85.
Economics