If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. M2 money supply to remain the same.
b. M2 money supply to fall.
c. M2 money multiplier to rise.
d. Monetary base to fall.
.A
Economics
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Aggregate expenditure is equal to
A) C - I - G - NX. B) Y + C + I + G + NX. C) C + I + G - NX. D) C + I + G. E) C + I + G + NX.
Economics
In both price-taker and competitive price-searcher markets, the long-run market price of a good will be equal to the
a. average total cost of producing the good. b. average variable cost of producing the good. c. average fixed cost of producing the good plus a normal return on that cost. d. marginal revenue derived from the sale of an additional unit of the good.
Economics