If the total money supply is $3 trillion, real GDP is $8 trillion and the price level is 1.5, then the equation of exchange tells us that velocity equals
A) 16. B) 3. C) 0.25. D) 4.
D
Economics
You might also like to view...
A firm with two or more owners who have unlimited liability is known as
A) a partnership. B) a proprietorship. C) a corporation. D) an establishment.
Economics
Combating the "greenhouse effect" has classic free-rider problems
a. True b. False Indicate whether the statement is true or false
Economics
The change in equilibrium quantity of a good is more when the buyers are taxed
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the supply and demand graph of Product X below. What would happen if the government decided to also start providing Product X in the market?
A. Demand would decrease
B. Demand would increase
C. Supply would decrease
D. Price would decrease
Economics