Other things remaining the same, a decrease in inflationary expectations causes the velocity of money to:

Which of the following is NOT part of the income used in the income approach to measuring GDP?

A) wages B) rent C) interest D) taxes paid by persons E) profit

In the above figure, S1 represents the supply curve which includes private costs, and S2 is the supply curve which includes social costs. If the firm is producing a product that has external costs that the firm does have to pay, what will be the equilibrium price and quantity?

A. P3, Q2 B. P4, Q1 C. P2, Q3 D. P1, Q4