If the money supply is 2000, the price level is 20, and the inflation rate is 50%, what is the amount of seigniorage?

Individuals making decisions about how much to purchase of a product with an external benefit base their decisions on which of the following?

A) the price and marginal private benefit B) the economically efficient output C) the price and the marginal social benefit D) the size of the deadweight loss

Income in the form of goods and services is

A) known as money income. B) known as income in kind. C) not considered income by economists. D) not part of wealth.