The figure above shows the market for tires. According to the figure, the government collects ________ per month in total tax revenue

The Fisherian version of the quantity theory equation is a. MV = Py. b y = c + i + g

c. M = kPy. d. s = i + (g – t).

Incorporation of expectations into economic decision making and the economic experience of recent decades indicate that in the long run

a. inflation relates directly to unemployment. b. inflation is inversely related to unemployment. c. there is no trade-off between inflation and unemployment. d. high unemployment is a primary cause of inflation.