The formula of the equation of exchange is
A. MS*V = P*Y.
B. MS = V*P*Y.
C. MS = Y.
D. MS/P = Y.
Answer: A
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The relationship between personal and corporate income taxes rates is significant because _____
a. high-income taxpayers can choose between realizing income as personal or corporate b. low-income taxpayers purchase the majority of goods produced by corporations c. middle-income taxpayers equalize their income between corporate and personal income taxes d. there is no relationship
Intense market competition is ________ for consumers, since it_______
a. Bad; erodes producer surplus b. Bad, increases variety in the market c. Good, increases the price level in the market d. Good; decreases the price level in the market
The question below are based on the following four sets of data-pairs: (1) A and B, (2) C and D, (3) E and F, and (4) G and H. In each set, the independent variable is in the left column and the dependent variable is in the right column
Which of the four sets of data pairs shows an inverse relationship between the independent and dependent variable?
A. 1 and 3
B. 2 and 3
C. 3 and 4
D. 2 and 4
What is a gold standard?
What will be an ideal response?