In order to determine the velocity of money, we need to know:
a. the money supply and the price level.
b. nominal GDP and real GDP
c. the money supply and nominal GDP.
d. the interest rate and nominal GDP.
c
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An economy experiences real growth over time with stable aggregate demand. This would likely result in
A) decreasing prices. B) increased unemployment. C) increasing prices. D) secular inflation.
Which of the following statements about the Fed is not true?
a. It serves as the bankers' bank for member banks. b. It can, and on occasion does, control interest rates. c. It uses open market operations to control the economy's money supply. d. It changes the legal reserve requirement less frequently than it changes the discount rate. e. It changes the legal reserve requirement more frequently than it changes the discount rate.
Appropriation
What will be an ideal response?
Commodity egalitarianism suggests that some goods be available to everyone.
A. True B. False C. Uncertain