If nominal GDP is $6.0 trillion and the quantity of money is $1.5 trillion, then the
A) velocity of circulation is 4.
B) price level is 4.00.
C) price level is 120.
D) price level is 110.
E) velocity of circulation is 10.
A
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A) elasticity B) slope C) relativity D) efficiency
Private investment expenditure, which is a flow, affects the stock of capital
a. True b. False
When one is considering the cost of taking a trip in their car, the average cost per mile includes some items of cost that are not included in the marginal cost of a mile drive. This statement is:
a. always true b. always false c. sometimes true and sometimes false depending on the circumstances d. absurd because marginal costs do not apply to mileage costs e. none of the above
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What will be an ideal response?