Spending VCU4 on real-world goods and services causes the nation's:
a. Monetary base to rise.
b. M2 money supply to rise.
c. M2 money multiplier to remain the same.
d. M2 money supply to fall.
.C
Economics
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Suppose the price of a scooter is $200 and Cora Lee is willing to pay $250. Cora Lee's
A) consumer surplus from that scooter is $200. B) consumer surplus from that scooter is $50. C) marginal benefit from that scooter is $100. D) consumer surplus from that scooter is $150. E) consumer surplus from that scooter is $250.
Economics
A monopolistically competitive firm maximizes profit in the short run by producing where
A) price is less than marginal revenue. B) price is greater than marginal cost. C) price is less than average revenue. D) price is less than marginal cost.
Economics