If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:

a. Monetary base to rise.
b. M2 money supply to fall.
c. M2 money multiplier to fall.
d. Monetary base to remain the same.

.D

Economics

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A decrease in demand, accompanied by a simultaneous decrease in supply, will always cause the equilibrium price and quantity of the good to fall

Indicate whether the statement is true or false

Economics

Which of the following events will increase GDP?

a. losing $500 playing blackjack in your dorm b. selling an antique writing desk for $500 cash c. a burglar stealing your CD player d. the police department hiring an extra detective to track down the burglar who stole your CD player

Economics