The velocity of money is equal to:
A. 1/MPS.
B. 1/reserve ratio.
C. M/GDP.
D. none of these.
D. none of these.
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Although there is a strong positive correlation between economic development and democracy, __________ can be considered a notable counterexample.
Fill in the blank(s) with the appropriate word(s).
The demand for labor is called a "derived demand" because it is:
A. derived from the demand for the products it is used to produce. B. affected by the demand for consumer products workers produce. C. affected by the price of consumer products workers produce. D. All of these
Which of the following is a macroeconomic concern?
A. wage levels in specific industries B. the national output of the United States C. the unemployment rate in a specific industry D. the operation of an individual firm
An educated population contributes to economic growth because
A. schools provide many jobs for teachers. B. educated people tend to work more hours than less educated people. C. education allows workers to develop skills that increase their productive capabilities. D. educated people understand the importance of protectionism.