If real output in an economy is 1,000 goods per year, the money supply is $300, and each dollar is spent an average of 4 times per year, then according to the quantity equation, the average price level is

a. 3.33.
b. 0.83.
c. 1.20.
d. 13.33.


c

Economics

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In the short run the firm has at least one fixed input

a. True b. False Indicate whether the statement is true or false

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If average cost is falling, marginal cost must also be falling.

Answer the following statement true (T) or false (F)

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A. require collateral. B. have repayments that begin at a much later date. C. are much larger. D. are made more frequently to women than to men.

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