If the money supply is $900, velocity is 6, then in the equation of exchange, PQ is
A) $150.
B) $1,500.
C) $2,400.
D) $3,600.
D
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If the interest rate on a bank deposit in the United States is 3 percent while a similar deposit earns 6 percent in Britain, then we could expect that deposits would flow to
A) Britain if the pound is expected to depreciate more than 3 percent. B) the United States regardless of exchange rate expectations. C) the United States if the dollar is expected to appreciate less than 3 percent. D) Britain if the pound is expected to depreciate less than 3 percent. E) Britain regardless of exchange rate expectations.
Over the past two decades, total and per capita water use in the United States have:
A. both increased. B. leveled off and fallen, respectively. C. fallen and leveled off, respectively. D. increased and fallen, respectively.