If velocity is equal to 6, and the quantity of money is $50 billion, according to the equation of exchange, nominal GDP is equal to
A) $300 billion. B) $150 billion. C) $18 billion. D) $8.3 billion. E) $56 billion.
A
Economics
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Which of the following products would be sold in a competitive market?
A) smartphones B) shoes C) Brent crude oil D) motorcycles
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Which of the following would not cause the demand curve for peaches to shift?
a. an increase in the price of apricots b. a decrease in the price of nectarines c. an increase in the price of peaches d. a change in preferences for peaches e. a decrease in the income of peach buyers
Economics