Inferior goods will experience increasing demand when incomes increase.
Answer the following statement true (T) or false (F)
False
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The velocity of circulation is equal to
A) the price level multiplied by the quantity of money. B) nominal GDP divided by the quantity of money. C) the quantity of money divided by the price level and then multiplied by real GDP. D) the quantity of money divided by nominal GDP. E) the price level divided by real GDP.
In 2015, infant mortality in the United States was ________ per 1,000 live births
A) 6.2 B) 45.4 C) 82.7 D) 228.9
Which of the following statements best describes the union movement between 1800-1860?
a. Unions were composed primarily of craftsmen. b. Unions were concentrated primarily in rural towns and villages. c. Union membership grew consistently through the period and comprised a substantial portion of the working population. d. Women were more likely to belong to unions than men.
Consumption:
A. is a major component of aggregate demand. B. is negatively related to the national price level. C. measures people's expenditures on real goods and services. D. All of these are true.