The velocity of M2 is equal to
A) M3 minus M1.
B) GDP divided by M2.
C) GDP multiplied by M2.
D) the velocity of M1.
B
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Because there is a ________ relationship between the price level and the quantity of real GDP supplied, the aggregate supply curve is ________ curve
A) negative; an upward-sloping B) positive; an upward-sloping C) positive; a downward-sloping D) negative; a downward-sloping E) positive; a vertical
An increase in income taxes ________ employment and ________ potential GDP
A) increases; increases B) increases; does not change C) decreases; decreases D) does not change; does not change E) increases; decreases
What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $1,200 next year?
A) 5 percent B) 10 percent C) -5 percent D) 25 percent
The tax rebate of 2008 is an example of
a. expansionary monetary policy. b. contraction fiscal policy. c. contraction monetary policy. d. pump priming.