Velocity is computed as the
a. price level times real GDP divided by the money supply.
b. price level times the money supply divided by real GDP.
c. real GDP times the money supply divided by the price level.
d. real GDP times the money supply divided by the rate at which money changes hands.
a
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Technological improvement (e.g., better capital equipment) will result in a leftward shift of the marginal revenue product of labor
Indicate whether the statement is true or false
The key to assessing the direction of discretionary fiscal policy is to observe changes in the cyclically adjusted deficit.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If twelve microwave ovens are produced, Micro Oven's total fixed costs are
A. $25. B. $41.67. C. $50. D. $300.
Refer to the information provided in Figure 20.2 below to answer the question(s) that follow.
Figure 20.2Refer to Figure 20.2. The opportunity cost of 1 ________ is 4 ________ in the United States and 1.5 ________ in England.
A. truck; trucks; cars B. car; cars; trucks C. car; trucks; trucks D. truck; cars; cars