M x V is:
a. A stock value.
b. A flow value.
c. Totally unrelated to stocks and flows.
d. Equal to real GDP
.B
Economics
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In a perfectly competitive industry, i. entry by new firms shifts the market supply curve rightward. ii. exit by existing firms shifts the market supply curve leftward. iii. at all times existing firms make only zero economic profit
A) ii and iii B) ii only C) i and iii D) i and ii E) i, ii, and iii
Economics
Net exports of goods are known as
A) the balance of payments. B) the merchandise trade balance. C) the current account. D) the financial account.
Economics