According to opportunity-cost theory, if the public lost most of its interest in spectator sports,
A) athletes would have to charge more for their services in order to survive.
B) the cost of hiring professional athletes would fall.
C) the cost of hiring professional athletes would rise.
D) the cost of hiring professional athletes would remain the same.
B
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In principle, the government could increase the money supply or increase government expenditures to try to offset the effects of a wave of pessimism about the future of the economy
a. True b. False Indicate whether the statement is true or false
Regarding the equation of exchange, all of the following are true according to monetarists except
A. Changes in M may cause changes in P. B. A reduction in M can leave real output unaffected. C. The velocity of money is stable. D. In reality, MV does not always equal PQ but it is still incredibly useful.