According to the monetarists, the velocity of money is
a. constant by definition.
b. highly variable and unpredictable.
c. constant as a matter of empirical proof.
d. not constant but predictable.
d
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________ taxes are paid by a buyer as a percentage of the market price of an item
A) Sales B) Wealth C) Payroll D) Property
If the nominal interest rate is 8 percent and the inflation rate is 2 percent, the real interest rate is approximately
A) 4 percent. B) 6 percent. C) 0.25 percent. D) 10 percent.
Countries with floating exchange rates have certain characteristics. Indicate the one that does not apply to those countries
A) closed economy B) small economy C) diversified trade D) divergent inflation rates
Sadie has just eaten a donut and says it gave her a utility of 6. If she chooses to eat another donut:
A. we can assume she will get an increase in utility of at least 6 from the additional donut. B. we can assume she will get a decrease in utility from the additional donut. C. we can assume she will get an increase in utility of less than 6 from the additional donut. D. we can assume Sadie's total utility will fall because of diminishing marginal utility.