If M = $100, Y = $500 and P = $2, then V is equal to
A) 0.10
B) 1.
C) 10.
D) 50.
C
You might also like to view...
When does a government run a budget surplus?
What will be an ideal response?
When government owns a natural monopoly and avoids subsidies, it:
A. still creates deadweight loss. B. sets price above marginal cost. C. recognizes setting price equal to marginal cost would cause the enterprise to incur losses. D. All of these statements are true.
What goods would be considered both excludable and rival in consumption?
a) private goods b) common goods c) public goods d) natural monopolies
When an economy experiences deflation, investment will:
A. increase, because businesses will spend cash instead of borrowing it. B. increase, because businesses will take out loans that will increase in value. C. decrease, because businesses will spend cash instead of borrowing it. D. decrease, because businesses will not take out loans that will increase in value over time.