If real GDP is $200, the price level is 2.5, and velocity is 5, then the quantity of money is
A) $100. B) $500. C) $750. D) $200. E) $1,000.
A
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Which of the following explains why the demand for loanable funds is negatively related to the real interest rate?
A) A lower real interest rate makes more investment projects profitable. B) Consumers are willing to spend less and hence save more at higher real interest rates. C) Interest rate flexibility in financial markets assures an equilibrium in which saving equals investment. D) All of the above are reasons why the demand for loanable funds is negatively related to the real interest rate.
Unions typically ____ deregulation because it generally makes pricing ____ competitive
a. oppose; more b. oppose; less c. support; more d. support; less
Suppose you are given a $100 gift card and you choose to spend it on a number of goods. You will select a combination of goods that is best for you and that maximizes your satisfaction. In other words, your choices will account for the effects of:
a. marginal benefits and marginal costs of each good considered b. attainable and unattainable combinations of the goods under consideration c. the available supply of each good considered d. scarce resources in the production of each good consideration
Refer to the graph below showing the domestic demand and supply curves for a specific product in a hypothetical nation called Econland. If the world price for this product is $2.00, then Econland will:
A. Export 200 units
B. Export 400 units
C. Import 200 units
D. Import 400 units