Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to remain the same.
b. M2 money supply to fall.
c. Monetary base to fall.
d. M2 money supply to rise.
.A
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The endpoints (horizontal and vertical intercepts) of the budget line:
A) measure its slope. B) measure the rate at which one good can be substituted for another. C) measure the rate at which a consumer is willing to trade one good for another. D) represent the quantity of each good that could be purchased if all of the budget were allocated to that good. E) indicate the highest level of satisfaction the consumer can achieve.
Among the answers given below, which one does not explain why an economy grows?
a. growth of population and the labor force b. capital accumulation and capital deepening c. technological change d. high death rates and high birth rates e. increases in skill levels for workers