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Suppose the Federal Reserve chairman, Jerome Powell, pays you $2,000 for a lecture on monetary policy...

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Economics

Suppose the Federal Reserve chairman, Jerome Powell, pays you $2,000 for a lecture on monetary policy he needs in order to finish a book that the Fed want to release next month for free. If true, this transaction (I) would not increase GDP because the book is free; (II) would increase GDP because it’s g overnment s pending (III) would not increase GDP because the lecture was an intermediate input, and the book is the final product (a) I but not II (b) II but not I (c) Both I and II (d) Neither I nor II

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