According to the quantity theory of money, a decision on the part of all business firms currently paying employees on a monthly basis to begin paying on a weekly basis would be expected to
a. increase velocity and increase nominal GDP.
b. increase velocity and decrease nominal GDP.
c. decrease velocity and increase nominal GDP.
d. decrease velocity and decrease nominal GDP.
a
Economics
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What is opportunity cost?
What will be an ideal response?
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Workers searching for jobs that best suit them is most closely associated with
a. cyclical unemployment. b. frictional unemployment. c. seasonal unemployment. d. structural unemployment.
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Figure 3-17
Refer to . When the price is P2, consumer surplus is
a.
A.
b.
B.
c.
A + B.
d.
A + B + C.
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How is dollarization different from monetary union?
What will be an ideal response?
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