A cash transfer payment is always preferred to an in-kind transfer payment of an equal size

The proposition that in the long run when real GDP equals potential GDP, an increase in the quantity of money leads to an equal percentage increase in the price level is the called the quantity theory of

A) constant velocity. B) the long run. C) money. D) inflation. E) equal change.

Undistributed profits ________ counted as part of GDP because ________

A) are not; households are not paid by the firms B) are; they can be used to buy other goods C) are; they are considered income paid to households and loaned back to firms D) are not; they are considered an intermediate good E) are; firms are required to pay corporate income taxes on them