If nominal GDP is $8 trillion, and the money supply is $2 trillion, velocity is
A) 0.25.
B) 4.
C) 8.
D) 16.
B
You might also like to view...
The graph above shows the demand and cost conditions facing a monopolist. What is the maximum profit the monopolist can earn?
A. $30 B. $2,400 C. $1,800 D. $10 E. $800
Extractive institutions control political power to:
A) enforce property rights and an equitable legal system. B) allow new businesses to enter and compete in a market. C) transfer resources from the ruling party to society. D) transfer resources from society to the ruling party.
In 2015, JPMorgan Chase announced it was laying off employees. The employees who were laid off due to the business cycle would be considered
A) structurally unemployed. B) seasonally unemployed. C) cyclically unemployed. D) frictionally unemployed.
Which of the following is an effort to establish property rights and promote more efficient allocation of ocean fisheries?
a. Regulations limiting the length of the fishing season. b. Regulations reducing the size of fishing boats and other equipment used in the industry. c. Establishment of transferable individual fishing quotas. d. Complete open access of ocean fishing to anyone who would like to enter the business.