Empirical evidence suggests that from 1960 until 2007, the velocity of money had, on average, been
A. constant.
B. rising.
C. fluctuating around zero.
D. decreasing.
Answer: B
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What condition(s) must exist to make trade among nations mutually beneficial?
a. Nations must have the same opportunity costs of production. b. Nations must not impose tariffs or quotas. c. Nations must be equally efficient at producing a traded good. d. Nations must have an absolute advantage in the production of a good. e. Nations must have a comparative advantage in the production of a good.
As the economy declines, the collection of personal income tax revenues automatically falls. This relationship best describes how the progressive income tax system:
A. offsets the timing problem for fiscal policy. B. provides built-in stability for the economy. C. increases crowding out in the economy. D. decreases real interest rates in the economy.
When Zynga, the company behind the social games CityVille and Words With Friends, sold stock to the public for the first time in December 2011, funds were being raised in a ________ market, and when those newly issued shares are resold to other buyers,
the sales take place in a ________ market. A) primary; primary B) primary; secondary C) secondary; primary D) secondary; secondary
Assume that you borrow $2000 at 10% annual interest to finance a new business project. For this loan to be profitable, the minimum amount this project must generate in annual earnings is
A) $400. B) $201. C) $200. D) $199.