Dividing nominal gross domestic product (GDP) by the money supply (M) is a way to obtain the:
A. Velocity of money
B. Monetary multiplier
C. Equation of exchange
D. Monetary rule
A. Velocity of money
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A rent ceiling in a housing market
A) makes all rents lower than the ceiling illegal to charge. B) is set above the equilibrium rent in order to have an effect. C) increases the time people spend searching for housing. D) Both answers B and C are correct. E) Both answers A and C are correct.
Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the firm is making an accounting profit of $3000 . What is the firm's fixed costs?
a. $9,000 b. $10,000 c. $11,000 d. $12,000
Which of the following countries would have the most difficulty raising its level of average educational attainment?
a. Canada b. Italy c. India d. Sudan
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the nominal exchange rate and the monetary base in the context of the Three-Sector-Model? a. The nominal exchange rate remains the
same and monetary base rises. b. The nominal exchange rate falls and monetary base falls. c. The nominal exchange rate remains the same and monetary base falls. d. The nominal exchange rate and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.