Suppose that P × Y is $5,000 million a year and the quantity of money is $500 million. Then the velocity of circulation is
A) 50. B) 10. C) 500. D) 20. E) 2,500,000.
B
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The typical supply curve illustrates that
A) other things equal, the quantity supplied for a good is inversely related to the price of a good. B) other things equal, the supply of the good creates its own demand for the good. C) other things equal, the quantity supplied for a good is positively related to the price of a good. D) price and quantity supplied are unrelated.
If the required reserve ratio is 0.12, the amount a bank can lend is equal to:
A. 88 percent of its reserves. B. 88 percent of its deposits. C. 12 percent of its reserves. D. 12 percent of its deposits.
List and briefly describe the four types of negative impacts from pollution.
What will be an ideal response?
Changes in production functions are associated with changes in
A. the levels of costs. B. the level of output. C. technology. D. demand.