If an economy produces 5,000 units of output with a price level of $1 and with a velocity of money of 4, we know that the money supply must be:
A. $4,000.
B. $1,250.
C. $2,500.
D. $5,000.
B. $1,250.
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On January 1, Derek had CD recording devices valued at $30,000. During the year, the value of Derek's devices depreciated by $20,000. He spent $30,000 on new devices
Derek's net investment was ________ and at the end of the year Derek had capital valued at ________. A) $20,000; $60,000 B) $10,000; $40,000 C) $10,000; $60,000 D) $30,000; $40,000 E) $40,000; $70,000
In the aggregate expenditures model, if aggregate expenditures (AE) are greater than GDP, then:
a. inventory is unchanged. b. inventory is accumulated. c. employment decreases. d. GDP increases.
The farmer's association is a type of government with unlimited jurisdiction
Indicate whether the statement is true or false
The percentage of all gambles that casinos are expected to win is called the
A. vig. B. cost. C. hit. D. sugar.