If nominal GDP is $500 billion, velocity is $500 billion divided by the stock of money.
Answer the following statement true (T) or false (F)
True
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In a circular-flow diagram, the saving and taxation "pipes" are carrying
A) injections to firms. B) injections to households. C) leakages from firms. D) leakages from households.
The fixed amount that the issuer of a bond agrees to pay the bondholder each year until the bond matures is called:
a. rent. b. coupon. c. interest. d. load. e. dividend.
The demand curve for labor is always positively sloped
a. True b. False Indicate whether the statement is true or false
How do we show the short-run impact of an increase in spending growth in our aggregate demand and aggregate supply model?
A. The AD curve shifts to the right, and inflation and real growth both decrease along the SRAS curve. B. The AD curve shifts to the right, and inflation and real growth both increase along the SRAS curve. C. The AD curve shifts to the left, and inflation and real growth both decrease along the SRAS curve. D. The AD curve shifts to the left, and inflation and real growth both increase along the SRAS curve.