A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent $250,000/month. If the firm produces 1,000,000 units a month, the total fixed costs equal

Imagine two economies that are identical except that, for a long time, economy A has had a money supply of $1,000 billion while economy B has had a money supply of $1,500 billion. It follows that

a) the price level, but not real GDP is higher in country B. b) real GDP and the price level are higher in country B. c) real GDP, but not the price level, is higher in country B. d) neither the price level or real GDP is higher in country B.

Environmental pollution is accounted for in:

a) GDP. b) PI. c) DI. d) none of these.