If e = 0.125, c = 0.08, and D = 720, the total demand for high-powered money is

Which of the following would be an excellent example of a lumpy input

a. pancake griddles b. water c. labor d. corn e. pancake batter

Environmentalists, politicians, and economists have different perspectives on what constitutes appropriate environmental policy. Which of the following statements was probably made by an economist?

a. "We take the position that there are rights involved here, rights to be protected from threats to your health, regardless of the costs involved." b. "Protecting the environment is so important that standards cannot be too high, and continuing improvements must be made regardless of cost." c. "Pollution is a moral issue that cannot be reduced to dollars and cents." d. "Clean air and water are things we can buy-if the price is right."