If nominal GDP is $7,700 billion and M1 is $1,000 billion, then velocity is
a. 10.7.
b. 7.7.
c. 7.1.
d. 7.0.
b
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In the above figure, the diagram shows
A) a downward trend in x. B) an upward trend in x. C) a scatter diagram. D) a two-variable scatter diagram. E) a cross-section graph between x and time.
For almost all goods, the:
A. lower the price goes, the higher the quantity demanded. B. higher the price goes, the more luxurious it is. C. lower the price goes, the higher demand is. D. higher the price goes, the higher the quantity demanded.
The Justinian code:
a. Summarized the laws of Greece b. Was the first example of common law c. Codified the laws of the Roman Empire d. Were written by Justinian himself e. Both c and c are correct
Which of the following will increase the level of human capital in an economy?
A. An increase in land mass. B. A decrease in the population. C. An increase in literacy rates. D. An increase in factory capacity.