The velocity of money is
a. the rate at which the Fed puts money into the economy.
b. the same thing as the long-term growth rate of the money supply.
c. the money supply divided by nominal GDP.
d. the average number of times per year a dollar is spent.
d
Economics
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The slope of the consumption function is equal to the level of autonomous consumption
Indicate whether the statement is true or false
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A competitive equilibrium may fail to be Pareto optimal due to all of the following except
A) inequality. B) externalities. C) distorting taxes. D) non-price-taking firms.
Economics