Which of the following is the formula for velocity?
a. Velocity = nominal GDP/real GDP
b. Velocity = real GDP/M
c. Velocity = (P × Y)/(M × V)
d. Velocity = nominal GDP/M
d
You might also like to view...
When consumers have perfect information about the quality of the products they purchase, the problem of adverse selection is likely to arise
a. True b. False Indicate whether the statement is true or false
Strategic decision making is most important in:
A. oligopolistic markets. B. monopolistically competitive markets. C. competitive markets. D. monopolistic markets.
A business produces 4,00 . units per month which he sells at $20/unit. Costs include: $10,00 . on raw materials, $15,00 . on operators and $10,00 . on sales people. In order to break even the fixed costs will have to be:
a. $35,000 b. $40,000 c. $45,000 d. $50,000
In the US, is it more likely that someone will become a millionaire by making money on his/her own or by inheriting a fortune?