In the equation of exchange, "PQ" stands for
A) GDP.
B) Real GDP.
C) nominal investment.
D) real investment.
A
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A difference between a quota and a tariff is that
A) a tariff generates a higher price than does a quota. B) a tariff generates a greater reduction in exports than does a quota. C) a quota increases profits of domestic producers more than does a tariff. D) the government collects revenue from a tariff but does not collect revenue from a quota.
A credit-rationed household is more likely to immediately ________ of a one-time tax rebate than is a household that is not credit rationed
A) spend a larger portion B) spend a smaller portion C) save a larger portion D) spend none
How much would the interest rate be if there was no usury law?
When we say investment in economics we are talking about:
A. stocks. B. physical capital. C. bonds. D. None of these are examples of investment in economics.