Suppose that M doubles and PQ remains the same. In that case we know that V
A. fell by 100%.
B. fell by 50%.
C. stayed the same.
D. rose by 50%.
B. fell by 50%.
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The monetary policy instrument the Federal Reserve chooses to use is the
A) federal funds rate. B) monetary base. C) fixed exchange rate. D) discount rate. E) flexible exchange rate.
High-income countries are also referred to as
A) agrarian countries. B) industrial countries. C) developing countries. D) growing countries.
When institutional money managers use their computers to decide on large sales or purchases in the stock market, they are employing
a. the herd instinct. b. the bandwagon effect. c. program trading. d. stock watering.
Suppose 1 in 200 pilots flying Space-Race aircraft die each year while only 1 in 500 pilots flying Subspace Gliders die each year. Moreover, the average salary of Space-Race pilots is $115,000 while the average salary of Subspace Glider pilots is $109,000. Given this information, what is the implied statistical value of a life of a pilot?
A. $2,000,000 B. $120,000 C. $1,200,000 D. $6,000 E. $480,000