The most common estimate of the value of transactions used to estimate velocity is

a. real GDP.
b. total sales.
c. nominal GDP.
d. cash balances.

c

Economics

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Refer to Figure 4.2. The dominant strategy for Cameron is to

A) go to the movie theater. B) go to the bowling alley. C) go to either the movie theater or to the bowling alley. D) Cameron does not have a dominant strategy.

Economics

Due to diminishing marginal returns, the ultimate source of economic growth in the United States from 1949 to 2010 has been

A) capital. B) labor. C) total factor productivity. D) Capital, labor, and total factor productivity are all subject to diminishing marginal returns, and therefore are all equally responsible for economic growth.

Economics