When the value of money is on the vertical axis, an increase in the price level shifts money demand to the right
a. True
b. False
Indicate whether the statement is true or false
False
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"The velocity of circulation is the average speed with which money is loaned to businesses and households." Is the previous statement correct or incorrect?
What will be an ideal response?
Rich and poor people have which of the following in common?
A) Scarcity B) Economizing behavior C) Pursuing the plans and projects in which they are interested D) All of the above. E) None of the above.
GDP is not a perfect measure of well-being because
A) the value of leisure is included in GDP. B) GDP is adjusted for increases in drug addiction. C) GDP is not adjusted for pollution. D) GDP is adjusted for changes in crime rates.
The federal government of the United States relies heavily on value-added taxes
a. True b. False Indicate whether the statement is true or false