Monetarists argue that the Treasury's conduct of fiscal policy is the most important factor affecting real GDP and interest rates

Capital is a factor of production. Which of the following is an example of capital?

i. $1,000 in money ii. 100 shares of Microsoft stock iii. $10,000 in bonds issued by General Motors iv. a drill press in your local machine shop A) i and ii B) ii only C) iv only D) iii only E) ii and iii

An absolute poverty line is usually set based on:

A. the lowest quartile of income earners in a society. B. the lowest 1 percent of all income earners in a society. C. a certain percentage below the average income in a society. D. the cost of certain essential goods.