The equation of exchange states that:?
?a) government spending = taxes plus the federal budget deficit.
?b) the reciprocal of the reserve requirement = the deposit expansion multiplier.
?c) the money supply times the velocity of money = the price level times the quantity of goods and services produced.
?d) the price level times the velocity of money = the money supply times the quantity of goods and services produced.
?c) the money supply times the velocity of money = the price level times the quantity of goods and services produced.
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Which of the following statements is true?
A) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which decelerated their economic growth. B) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which accelerated their economic growth. C) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a command economy which accelerated their economic growth. D) After Czechoslovakia split into Czech Republic and Slovakia, the nations adopted a market economy which decelerated their economic growth.
How has income inequality changed in recent years? What factors account for the changes?
What will be an ideal response?
In August 1971, President Nixon implemented price and wage controls to combat inflation. Which of the following statements best describes the change in price levels after the price controls policy was implemented?
a. Inflation remained almost the same for many years. b. The rate of inflation decreased and remained around 3 percent throughout 1972. c.. The rate of change in prices fell below zero in mid-1970s. d. Implementation of controls led to an increase in inflation rates in 1972.
The two important contributions of entrepreneurs are
a. innovation and independent wealth b. good management skills and honesty c. risk taking and honesty d. good management skills and independent wealth e. innovation and risk taking