The quantity demanded of a good reflects
A) the number of units of a good people actually purchase.
B) the number of units of a good suppliers will provide.
C) the number of units of a good people plan to purchase at different prices.
D) the number of units of a good people need to purchase.
C
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In an economy that is at full employment, an increase in money supply will result in inflation, unless
A) velocity increases. B) velocity decreases. C) real GDP falls. D) tax reduction is proportional to increases in the money supply.
The total costs of federal regulation
A) encompasses only explicit costs of satisfying regulatory demands. B) also includes the explicit costs associated with regulations issued by 50 different state governments. C) encompasses only opportunity costs of satisfying regulatory demands. D) encompasses both explicit and opportunity costs of satisfying regulatory demands..