Which of the following best describes the income velocity of money?
A. V = Y
B. V = Ms/PY
C. V = PY/Ms
D. V = PMs
Answer: C
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Which of the following statements is true?
A) Income inequality within most countries has increased during the past 20 years. B) Income inequality across the entire world has decreased during the past 20 years. C) Income inequality within most countries and across the entire world has not changed much during the past 20 years. D) Both A and B are correct. E) None of the above is correct.
Excess reserves that are voluntarily held by institutions are called:
a. Federal funds. b. Customary reserves. c. Preferred assets. d. Bank equity. e. Normal reserves.
What effect does the increase of the price of gasoline have on the cost curves of package delivery firms such as Federal Express or United Parcel Service? How might the effects differ for a software firm such as Symantec that uses the Internet?
Please provide the best answer for the statement.
The division of the burden of a tax between buyers and sellers in a market is called tax allocation
Indicate whether the statement is true or false