Which of the following statements is true?
A) Velocity equals the money supply.
B) GDP is larger than the money supply if velocity is greater than 1.
C) The money supply must be equal to GDP.
D) GDP is always twice the money supply.
B
Economics
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One consequence of rent ceilings set below the equilibrium rent is that
A) a surplus of housing units develops. B) renters are no longer exploited by landlords. C) it makes the long-run housing supply more elastic. D) search costs for housing increase.
Economics
The primary tool utilized by the Federal Reserve today in conducting monetary policy is
a. the discount rate. b. reserve requirements. c. open market operations. d. selective credit controls.
Economics