In the equation of exchange, the nominal GDP is designated by:
A. PQ/M.
B. MV/P.
C. PQ.
D. MV.
C. PQ.
You might also like to view...
A sole proprietorship is
A) the least profitable type of business to set up. B) the easiest type of business to set up. C) the most difficult type of business to set up. D) the most expensive type of business to set up.
The order of Soviet dictator Joseph Stalin to farmers in the 1930s to produce capital equipment rather than food
a. was based on government support payments for agriculture. b. relied on foreign assistance. c. was an illustration of the capital formation method. d. was an illustration of the brute force method of breaking the poverty cycle, and it was a very successful policy. e. was an illustration of the brute force method of breaking the poverty cycle, and it meant starvation for millions of farmers.
A good example of a price floor is
a. rent controls on rental apartments in major cities b. the cheapest tickets to concerts c. the minimum wage law d. food stamps provided to low-income people who use them to purchase specific basic foods at retail stores, such as corner groceries and supermarkets e. discount airfares
Which of the following phrases indicates that income is being spoken of?
a. Tuesday, at 12:30 p.m. b. July 14, 1948 c. from January 1 to March 30 d. yesterday afternoon