Dividing (P x Q) by V2 times gives:
a. A stock value
b. A flow value.
c. Neither a stock nor a flow value.
d. Real GDP
.A
You might also like to view...
Refer to Figure 16-1. Suppose the economy is in short-run equilibrium below potential GDP and no fiscal or monetary policy is pursued. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) A to E. B) A to B. C) B to A. D) B to C. E) C to B.
A(n) _____ or a spending plan or guide can be helpful by providing a visible means of controlling money
a. Annuity b. Budget c. Net worth statement d. Money calendar
If a Pigovian tax is too large, the resulting:
A. quantity will be too high. B. outcome will not maximize surplus. C. outcome will still be efficient. D. All of these statements are true.
Figure 3.4 illustrates the demand for tacos. An increase in the number of consumers in the market would bring about a movement from:
A. point a to point b. B. point c to point a. C. D2 to D1. D. D0 to D2.