For a monopolist, when the output effect is greater than the price effect, marginal revenue is

In the late 1990s, M2 velocity ________, suggesting a ________ normal relationship between M2 and macroeconomic variables

A) stabilized; less B) stabilized; more C) slowed; less D) slowed; more

Gross domestic product equals the sum of

a. all income earned by domestic producers of goods and services minus indirect business taxes and depreciation during the year. b. the purchases of final goods and services produced domestically during a year. c. the amount received by firms for consumer goods and services. d. incomes received by households minus the sale of factor services supplied domestically.