The equation of exchange is written as
a. V = PQM
b. MQ = PV
c. M = QVP
d. MQ = P
e. MV = PQ
E
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Define what dead capital is and why economists are concerned with its existence
What will be an ideal response?
Which of the following is correct?
a. The amount of unemployment that a country typically experiences is a determinant of that country's standard of living, and some degree of unemployment is inevitable in a complex economy. b. The amount of unemployment that a country typically experiences is a determinant of that country's standard of living, and a complex economy can achieve zero unemployment. c. The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living, and a complex economy can achieve zero unemployment. d. The amount of unemployment that a country typically experiences is not a determinant of that country's standard of living, and some degree of unemployment is inevitable in a complex economy.
The Federal Reserve Open Market Committee includes the seven members of the Board of Governors, presidents of 5 of the 12 district banks, and the Secretary of the Treasury.
Answer the following statement true (T) or false (F)
Medicaid and SNAP (food stamps) are:
A. available only to families, not to individuals. B. counterproductive. C. forms of in-kind assistance. D. forms of cash assistance.