If real GDP is $10 trillion and the velocity of circulation is 2, the quantity of money

A) is $2 trillion.
B) is $5 trillion.
C) is $20 trillion.
D) cannot be determined from the information given.


D

Economics

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Depreciation allowance ________ the profit subject to taxation, which ________ the amount of tax the firm pays.

A) decreases; decreases B) increases; increases C) increases; decreases D) decreases; increases

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Economists believe that most individuals act as if they are motivated by self-interest and: a. respond selfishly

b. respond in predictable ways to changing circumstances. c. it leads to inconsistent and unpredictable behavior. d. all of the above.

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Which of the following properly matches the owner of a resource with the corresponding payment?

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Economics