The speed at which money circulates is called:
A. the multiplier
B. the pace of money.
C. acceleration.
D. velocity.
Answer: D
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Using Figure 10.1 above is it possible to determine the price that this product is selling for if it is being sold in a competitive market? If so what is that price?
What will be an ideal response?
Bonds are preferred to stock by individual investors who
a. need to have immediate access to their money b. don't think the business is profitable c. prefer a guaranteed lower return to a risky higher return d. prefer a risky higher return to a guaranteed lower return e. prefer dividends to interest payments
Minimum-wage laws, unions, and efficiency wages contribute to
a. both structural unemployment and the natural rate of unemployment. b. neither structural unemployment nor the natural rate of unemployment. c. structural unemployment, but not the natural rate of unemployment. d. the natural rate of unemployment, but not structural unemployment.
The strengths of the British National Health Service (NHS) include:
a. the fact that there is a surplus of clinicians, so there is little need for foreign-trained physicians and nurses to practice in Britain. b. the fact that no one has the ability to jump to the top of the slow-moving waiting list for medical treatment. c. the fact that patients have access to all medically necessary care regardless of cost. d. good access to primary and preventive care. e. the fact that there are no differences in access to medical care based on socioeconomic status or geographic location.