In the view of the new classical economists, an increase in the money stock will affect real output and employment only if the increase in the money stock

Normative analysis is very important to public finance because _____

a. public policy enacted by government is the result of voting by individuals b. positive analysis is full of value judgments c. we should be concerned with how the world works d. voluntary exchanges are economically efficient

Price discrimination reveals

A) the inherent greed of Western culture. B) the inability for regulators to stop unethical practices. C) that individuals have different willingness to pay. D) that individuals have the same willingness to pay.