If nominal GDP is $10 trillion, and the money supply is $2 trillion, velocity is

A) 0.2.
B) 5.
C) 10.
D) 20.


B

Economics

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What will be an ideal response?

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Most economists support the idea of peak-load pricing on the grounds of

a. fairness in income distribution. b. efficiency in input usage. c. equality of opportunity. d. efficiency in output allocation.

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Offering contributors private goods such as coffee mugs, books, or magazine subscriptions will ________ the free-rider problem and lead to a ________ level of contribution to the public good.

A. reduce; smaller B. reduce; larger C. increase; smaller D. increase; larger

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At a long-run macroeconomic equilibrium, real GDP is always equal to potential GDP

Indicate whether the statement is true or false

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