The intellectual leader of the monetarists was
A) Robert Lucas.
B) Milton Friedman.
C) John Maynard Keynes.
D) Paul Romer.
E) John Taylor.
B
Economics
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The concept of utility is fundamental to utilitarianism and describes the
a. optimal distribution of wealth in society. b. level of satisfaction derived from a person's circumstances. c. method by which society chooses to allocate resources. d. method whereby wealth is stored.
Economics
Real GDP is the
A. Value of final output produced, measured in current prices. B. GDP minus depreciation. C. Value of final output produced, adjusted for changing prices. D. Income earned by current factors of production.
Economics