If the amount of money in circulation is $180 billion and the value of the economy's total output is $540 billion, then the:
A. circulation period of money must be one-fourth of a year.
B. velocity of money is 4.
C. average price per final good sold is $3.
D. velocity of money is 3.
D. velocity of money is 3.
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Lower deductibles for employer-provided health care will tend to shift the ________ curve for medical services to the ________
A) supply; right B) demand; right C) supply; left D) demand; left
If net foreign investment is positive, which of the following must be true? (Assume that the capital account is zero and net transfers are zero.)
A) Net exports are negative. B) Capital outflows are less than capital inflows. C) Domestic investment must be less than national saving. D) None of the above are true when net foreign investment is positive.
The recent rise in the price of gasoline has caused:
A. automakers to produce more gas-efficient cars. B. automakers to drop the price of gas-efficient vehicles. C. automakers to spend more money marketing bigger vehicles. D. would not affect an automaker's supply decisions.
If on-the-job training provides general job skills:
a. the employer will never provide such training. b. the employer will always provide such training. c. the employer may provide such training if it increases workers' wages. d. the employer may provide such training if workers accept a lower wage.