Suppose real money demand is 1000, real output is 6000, and the price level is 200. What is the level of velocity in this economy?
A) 2
B) 3
C) 6
D) 12
C
Economics
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Kaitlyn and Larissa have formed a dog bathing and grooming business business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. The opportunity cost of grooming the third dog in a day is bathing ________ dog(s)
A) 3 B) 4 C) 5 D) 18
Economics
Let C = 200 + .8(Y-T), planned investment equals 150, and T equals 200 . If the equilibrium level of income is 2,000, then the level of government spending needed to make this true is
a. 210. b. 250. c. 50. d. 10. e. none of the above.
Economics
Define the natural rate of unemployment and cyclical unemployment
Economics
Figure 8-2
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In Figure 8-2, which of the following moves can be explained by a decrease in the price level?
A. A to B B. A to C C. A to D D. A to E
Economics