The presence of ________ creates a difference in the value between the market price and the factor cost of a product
A) indirect taxes and consumption
B) subsidies and direct taxes
C) corporate profits and subsidies
D) indirect taxes and subsidies
D
Economics
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National income accountants measure the value of final goods and services with
A) market prices. B) fair prices. C) objective values. D) best-guess estimates as to what things are really worth.
Economics
Monetary neutrality refers to the fact that changes in the money supply
A) affect output more in the long run than in the short run. B) have no effect on output in the long run. C) affect only output in the long run. D) have a greater effect on prices in the short run than in the long run.
Economics