A conditional statement such as if event A occurs, then event B follows is an example of normative economics
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Suppose the demand for nachos increases. What will happen to producer surplus in the market for nachos?
a. It increases. b. It decreases. c. It remains unchanged. d. It may increase, decrease, or remain unchanged.
Economics
Assume that M is $300 billion and V is 10. What is the level of nominal GDP according to the monetarist equation? If V rises by 10%, then according to the monetarist equation, what will be the new level of nominal GDP?
What will be an ideal response?
Economics