The velocity of money is equal to nominal GDP divided by money stock.
Answer the following statement true (T) or false (F)
True
Economics
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A common resource is used efficiently if marginal social benefit equals marginal social cost
Indicate whether the statement is true or false
Economics
What is the present value of $575 in a one year if the current rate of interest is 4 percent?
A) $410.71 B) $552.88 C) $598 D) $805
Economics