If we assume that velocity is constant, and if the money supply increases by 6 percent, we would expect, ceteris paribus, that the price level would

Which of the following policies could be used to move the open-access equilibrium (OAE) of a common property fishery to the maximum economic yield (MEY)?

a. Quotas b. Individual tradeable quotas or permits c. License fees d. All of the above. e. None of the above.

A hypothesis that assumes that people combine the effects of past policy changes on economic events and their own judgment about future effects of current and future policy changes is known as

A) active expectations. B) modern expectations. C) rational expectations. D) adaptive expectations.