If the money supply is $250 billion and nominal GDP is $1 trillion, the velocity of money is:
a. 0.25.
b. 0.40.
c. 2.50.
d. 4.00.
d
You might also like to view...
All of the following are part of the "taxes" provision of the Patient Protection and Affordable Care Act (ACA) except
A) investors earning more than $200,000 pay a new tax on their investment income. B) workers earning more than $200,000 pay higher Medicare payroll taxes. C) beginning in 2018, all taxes on employer-provided health insurance plans will be reduced or eliminated. D) pharmaceutical firms and health insurance firms pay new taxes.
If demand increases in a perfectly competitive market,
a. then, in the short run, existing firms will find their profits diminishing, or their losses increasing b. existing firms will earn an economic profit c. the market price will decrease d. each firm will produce more along its short-run supply curve and total output will increase along the short-run market supply curve e. quantity demanded will increase and quantity supplied will decrease
Generally, economists agree that the economic outlook for the U.S. is seriously challenged
a. True b. False Indicate whether the statement is true or false
Cost is a measure of the
a. seller's willingness to sell. b. seller's producer surplus. c. producer shortage. d. seller's willingness to buy.