Monetizing the debt causes
a. the money supply to contract.
b. the money supply to rise.
c. tax revenues to contract.
d. tax revenues to rise.
b. the money supply to rise.
Economics
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The minimum point on the marginal cost curve corresponds to the:
a. maximum point on the total cost curve. b. minimum point on the total cost curve. c. inflection point on the total variable cost curve. d. midpoint of the total cost curve.
Economics
Assume that between 1998 and 2008, nominal GDP increased from $7 trillion to $12 trillion and that the price index rose from 100 to 133.3 . Which of the following expresses GDP for 2008 in terms of 1998 prices?
a. $7.5 trillion b. $9.0 trillion c. $9.5 trillion d. $16.0 trillion
Economics