In the economic way of thinking,
A) buyers compete against other buyers, sellers cooperate with other sellers, and buyers cooperate with sellers.
B) buyers cooperate with other buyers, sellers cooperate with other sellers, and buyers compete with sellers.
C) buyers compete against other buyers, sellers compete against other sellers, and buyers cooperate with sellers.
D) buyers cooperate with other buyers, sellers cooperate with other sellers, and buyers cooperate with sellers.
C
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The "quantity equation" states that nominal GDP is equal by the definition of velocity to the money supply ________ velocity
A) plus B) minus C) multiplied by D) divided by
Which of the following is included in the demand for loanable funds?
a. investment and government borrowing b. investment but not government borrowing c. government borrowing but not investment d. neither government borrowing nor investment