You observe people going to the bank more frequently. Other things the same, this could result from
a. an increase in inflation which increases money demand.
b. an increase in inflation which reduces money demand.
c. a decrease in inflation which increases money demand.
d. a decrease in inflation which reduces money demand.
b
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All of the following will cause the reported growth rate in a country to change EXCEPT
A) changes in productivity. B) population changes. C) a shift of the production possibilities curve. D) changes in the number of poor people in the country.
Students in a class are assigned to groups to work on a project. A grade will be given for each project, and everyone in the group will receive that grade. For the members of a particular group, the grade is a
A. beneficial externality. B. public good. C. detrimental externality. D. moral hazard.