?Hair Pins /hourBandanas /hourNigel410Mia93Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one hair pin is:

When real GDP increases, the demand for money

A) increases. B) decreases. C) stays the same. D) we cannot make a prediction without additional information.

If policymakers are expected to increase the money supply, Monetarists argue that there is __________ effect. There is __________ effect that raises prices when the money supply actually increases

A) a small liquidity; an income B) no; an income C) a small income; a liquidity D) no; a liquidity