The substantial fluctuations in velocity make the equation of exchange more useful in predicting changes in nominal GDP
a. True
b. False
Indicate whether the statement is true or false
False
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Nominal government purchases were $2226.2 billion in 2008 and rose to $2372.8 billion in 2009. Real government purchases were $1940.6 for 2008 and $1958.0 for 2009, where 2005 was the base year
Calculate the percent change in the chain-weight price index for government purchases (rounded to the nearest percentage point) from 2008 to 2009. A) 2% B) 4% C) 6% D) 8%
If government unemployment insurance payments did not rise during a? recession,
What will be an ideal response?
Define the concentration ratio
What will be an ideal response?
Which of the following is true? a. Average cost pricing reduces the incentives for a monopolist to find ways to reduce its costs
b. With natural monopoly, if regulators allow the firm to earn profits, there will be a welfare cost from producing too little of the good. c. Government regulation of monopolies aims to achieve the efficiency of large-scale production, without permitting the producers to charge monopoly prices. d. All of the above are true.