Assuming that, over a given period, the value of transactions in current dollars is $8 trillion and the money stock is $500 billion. What is the transaction velocity of money?

Which of the following is the proper order of assets ranked from most to least liquid?

a. Demand deposits, cash in the hands of the public, large time deposits b. Travelers' checks, small time deposits, savings-type accounts c. Small time deposits, large time deposits, demand deposits d. Cash in the hands of the public, savings-type accounts, demand deposits e. Cash in the hands of the public, money market mutual funds, small time deposits

If a firm in a monopolistically competitive market has a demand curve that is shifting to the right, it will stop shifting when:

A. the firm raises its price. B. the firm lowers its price. C. firms stop entering the market. D. firms stop leaving the market.