Which of the following macroeconomic variables is not in the equation of exchange?
a. Real GDP.
b. Real exchange rate.
c. Velocity of money.
d. Money supply.
e. All of the above are part of the equation of exchange.
.B
You might also like to view...
The table above shows the total product schedule for Rick's Lawn Service, a yard care company. The total product schedule shows
A) increasing marginal returns when the 6th worker is hired. B) decreasing marginal returns when the 1st worker is hired. C) first increasing and then decreasing marginal returns. D) output first increases then increases. E) only decreasing marginal returns.
In the above figure, if the quantity is equal to 1,500,000 units, the deadweight is equal to
A) area A + area B. B) area C. C) area B + area F. D) area G + area H. E) None of the above answers is correct because the deadweight loss is equal to zero.
If the U.S. current account balance is -$500 billion and the capital and financial account balance is +$510 billion
A) the U.S. official settlements account balance is $10 billion. B) the U.S. government's holdings of foreign currency increases by $10 billion. C) foreign investment in the United States is smaller than the U.S. investment abroad. D) U.S. exports are greater than U.S. imports.
What is a minimum wage and what are its effects if it is set above the equilibrium wage?
What will be an ideal response?