If nominal GDP = $15 trillion and the quantity of money is $3 trillion, what is the velocity of circulation?

A) 45
B) 18
C) 5
D) 12


C

Economics

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According to this Application, in Peru, producing palm oil is very profitable but is a time consuming process. Producing coca paste, an ingredient in cocaine, is not as costly or as time consuming as the production of palm oil

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An increase in the price level leads to ________ in the demand for money, and an increase in real GDP leads to ________ in the demand for money

A) no change; an increase B) a decrease; a decrease C) an increase; an increase D) a decrease; an increase E) an increase; a decrease

Economics

If the golfers at Green Golf all have identical demands and Green Golf practices two-part pricing, the profit-maximizing user fee is ________ Green Golf's marginal cost.

A) one-half of B) equal to C) greater than D) less than

Economics

Comparing a uniform abatement policy, pollution tax and a command-and-control policy, which one is the most efficient approach in dealing with pollution?

A. pollution tax B. uniform abatement C. command-and-control D. All of these are equally efficient.

Economics