Suppose that C = $700, I = $200, G = $200, NX = $100, and that the money supply is equal to $400. Based upon these assumptions, velocity is equal to ________________. If consumption and velocity both rise beyond their initial levels, then it follows that another component of spending ___________ necessarily fall

_____ the externality generated by education, individuals have a _____ incentive to obtain an education for themselves

a. Because of; strong b. Despite; strong c. Because of; weak d. Despite; weak

Which of the following is assumed constant along the demand curve for gasoline?

a. the price of gasoline and the prices of related goods b. the price of gasoline, buyers' incomes, and tastes c. all variables affecting demand other than the price of gasoline d. all variables affecting demand other than the supply of gasoline e. buyers' incomes and tastes, but not the prices of related goods