Which of the following would transfer wealth from old to young?
a. Increases in the budget deficit.
b. Decreased building of highways and bridges.
c. More generous education subsidies.
d. Indexation of Social Security benefits to inflation.
c
Economics
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Suppose money supply (M) = $3,960 billion, price level (P) = 1.1, and real GDP (Y) = $7,200 billion. Calculate the value of velocity using the equation of exchange.
A) 1.6 B) 1.8 C) 2.0 D) 2.2
Economics
Economic rents are useful because
A) they increase the income of the owner. B) they make it easy to calculate opportunity cost. C) resources will go to their most efficient use. D) they increase tax revenue.
Economics