If the money supply is $3,000, velocity is 4 and the price level is $2, then Real GDP is _____________ units of output. If the money supply doubled over a short time period to $6,000, the simple quantity theory of money would predict that ______________________
A) 3,000; the price level would double
B) 6,000; Real GDP would double
C) 625; the price level would be cut in half
D) 6,000; the price level would double
D
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In the market for loanable funds, the supply curve:
A. represents savers. B. is downward sloping. C. reflects that more people will choose to save the lower is the interest rate. D. is made up of people who want to borrow funds.
What amount of money was appropriated by Congress for fiscal stimulus bill of 2009?
a. $225 billion b. $252 billion c. $700 billion d. $787 billion
_________ include a company's credit history, sales volume, product lines, accounts receivable, inventory balances, and management structure.
a. Internal constraints b. External constraints c. Budgetsd. Economic environments e. Balance sheets
Consumer surplus:
A. is the difference between the maximum prices consumers are willing to pay for a product and the lower equilibrium price. B. the difference between the maximum prices consumers are willing to pay for a product and the minimum prices producers are willing to accept. C. the difference between the minimum prices producers are willing to accept for a product and the higher equilibrium price. D. rises as equilibrium price rises.