The "velocity" of money is
A) the ratio of real GDP to the real money supply.
B) the real money supply divided by the real GDP.
C) the money supply divided by the price level.
D) the money supply multiplied by the price level.
A
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The above table shows the per day total cost for Kiley's Baseball Glove Company. Each glove is priced at $50 and Kiley's Baseball Glove Company is a perfectly competitive firm
Between which two amounts of output does Kiley's Baseball Glove Company make an economic profit? A) 0 and 8 B) 1 and 8 C) 2 and 7 D) 3 and 6
The chartering process is similar to ________ potential borrowers and the restriction of risk assets by regulators is similar to ________ in private financial markets
A) screening; restrictive covenants B) screening; branching restrictions C) identifying; branching restrictions D) identifying; credit rationing
If the U.S. can produce pizza for $5 each and barrels of beer for $25 each, and Germany can produce pizza for $7 each and barrels of beer for $21 each, then
A) each country will produce both pizza and beer. B) the U.S. will produce beer and trade with Germany for pizza. C) the U.S. will produce pizza and trade with Germany for beer. D) All of the above.
Tariff rates on products imported into the United States:
a. were prohibited by the Constitution. b. have dropped substantially over the past 50 years. c. reached an all time high in 1996. d. have steadily increased since 1920. e. have never played a big part in U.S. trade policy.