Velocity can be calculated as the ratio of:
A. nominal GDP to the money supply.
B. the money supply to the price level.
C. nominal GDP to real GNP.
D. real GDP to the price level.
Answer: A
You might also like to view...
Which statement is true?
A. If the APC is greater than one, the APS is negative. B. If the APC is less than one, the APS is negative. C. The APS can never be negative. D. None of these statements are true.
Considering the spectrum of market structures and moving from pure competition to pure monopoly we can say that
A) entry barriers get lower but exit gets more difficult. B) entry becomes harder but exit becomes easier. C) entry gets harder and the number of firms dwindles. D) none of the above.
The demand curve facing a monopolist will be more elastic
A) the greater is the number of substitute products. B) as the consumers' need for the good increases. C) the greater is the amount of fixed costs to cover. D) as the number of consumers increases.
The corporate tax applies to firms’ total revenues.
Answer the following statement true (T) or false (F)