Suppose that the stock of money is $150 billion and nominal GDP is $750 billion. The velocity of money is
A. 4.
B. 5.
C. 16.7.
D. 600.
Answer: B
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Which of the following is an example of an implicit cost that a firm might incur?
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What roles do central banks play in an economy?
A) Central banks are government depositories. B) Central banks lobby for regulation on behalf of the banking industry. C) Central banks monitor fiscal agents in the economy. D) none of the above
Which of the following decades is known as the "Golden Age of Keynesian Economics"?
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Evidence exists that countries with the most open economies tend to have more stringent environmental regulations
a. True b. False Indicate whether the statement is true or false