In the equation of exchange, the level of aggregate expenditures is indicated by:
A. MV.
B. MV/Q.
C. PM.
D. MV/P.
A. MV.
Economics
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What is the social interest? Distinguish it from self-interest. In your answer give an example of self-interest and an example of social interest
What will be an ideal response?
Economics
If the price of margarine falls, the demand for butter will
A) remain unchanged. B) increase. C) decrease. D) rise at first and then fall.
Economics
Who would most likely lobby Congress for a price support on wool?
a. retail sweater outlets b. consumers of wool caps c. taxpayers d. wool producers e. sheep
Economics
The government's chief forecasting gauge for business cycles is the:
A. unemployment rate. B. real GDP. C. personal income index. D. index of leading indicators.
Economics