A factor of production that has been produced for use in the production of other goods and services is:

The quantity theory of money and prices rests on the assumption that

A) the minimum wage is constant. B) the velocity of money is constant. C) the nominal interest rate is constant. D) the foreign exchange rate is constant.

As real disposable income increases, consumption expenditures

A) increase by the same amount. B) increase by a smaller amount. C) increase by a larger amount. D) remain constant.