In the equation of exchange, if velocity is stable in the long run,
A. %?V is a positive constant value > 0.
B. %?V = infinity.
C. %?V = 1.
D. %?V = 0.
Answer: D. %?V = 0.
Economics
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The figure shows the demand curve for popsicles. The price elasticity of demand when the price of a popsicle increases from $0.30 to $0.50 is ________
A) 0 B) 1 C) 1/2 D) 2
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Explain the difference between Gross Domestic Product and Gross National Product. Give an example of each
What will be an ideal response?
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