If Jane Doe puts $1,000 cash into her checking account,

Compared to the initial equilibrium, an initial increase in aggregate demand that is NOT followed by an increase in the quantity of money results in new long-run equilibrium with

A) a higher price level but the same real GDP. B) a higher price level and an increased level of real GDP. C) the same price level and a lower level of real GDP. D) the same price level and the same real GDP. E) None of the above answers is correct.

Income is created when

a. individuals supply others with productive resources that they value. b. the government levies taxes on some and transfers the revenues to others. c. the general level of prices increases. d. shares of stock are sold from their current owner to another party.