Define wealth, or net worth
What will be an ideal response?
Wealth or net worth is the value of all the things that you own after your liabilities are subtracted.
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According to the interest-rate-based monetary policy transmission mechanism, an increase in the money supply generates
A) increased spending on consumer goods and services directly, which causes an increase in aggregate demand. B) an increase in aggregate supply since the supply of money is part of aggregate supply. C) lower interest rates, which causes an increase in planned real investment spending and an increase in aggregate demand. D) an increase in nominal GDP and a change in the price level, but no change in real GDP.
If income were distributed equally our economic _________ would suffer.
Fill in the blank(s) with the appropriate word(s).