When maximizing economic growth is a country's goal it:
A. may work in opposition to the country's happiness in terms of satisfaction gained from leisure.
B. increases the correlation to the country's happiness, because more money makes people happier.
C. creates a perfect correlation to happiness, if the money is allocated fairly.
D. everyone in the economy will be better off if it obtains its goal.
A. may work in opposition to the country's happiness in terms of satisfaction gained from leisure.
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If the government imposes a price floor above the market equilibrium price, then:
a. b and e. b. there will be excess supply. c. there will be excess demand. d. consumers will benefit. e. producers will benefit.
An increase in real GDP can shift
A) money demand to the right and decrease the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the left and decrease the equilibrium interest rate. D) money demand to the left and increase the equilibrium interest rate.