Based on the quantity equation, if Y = 3,000 . P = 3, and V = 4, then M =
a. $4,000.
b. $2,250.
c. $250.
d. $36,000.
b
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Which set of points would show a movement from depression to full employment?
A. a movement from Point C to B
B. a movement from Point B to A
C. a movement from Point C to E
D. a movement from Point D to C
How is the marginal product of labor calculated? As the firm increases its output, what pattern will we observe in the marginal product of labor and why does it occur?
What will be an ideal response?
Other things constant, which of the following would tend to increase the demand for Toyota autos?
A) A fall in the price of Toyotas B) A fall in the price of Chryslers (a substitute for Toyotas) C) A rise in income, if Toyotas are a normal good D) A rise in income, if Toyotas are an inferior good
In the Keynesian model, the difference between using monetary and fiscal policy to eliminate a recession is that
A) monetary policy will eliminate a recession quicker than fiscal policy will. B) fiscal policy will eliminate a recession quicker than monetary policy will. C) an expansionary monetary policy will leave the economy with a lower real interest rate than an expansionary fiscal policy. D) an expansionary fiscal policy will leave the economy with a lower real interest rate than an expansionary monetary policy.