If nominal GDP is $5 trillion and velocity is 20, then
A) actual money balances held by the nonbanking public are $250 billion.
B) actual money balances held by the nonbanking public are $100 trillion.
C) real GDP equals $100 trillion.
D) real GDP equals $400 trillion.
A
Economics
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Indicate whether the statement is true or false
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The government might provide a subsidy when
A) a negative externality exists. B) an effluent fee has been unsuccessful. C) it wants to increase the amount of a good consumed. D) it wants to transform a negative externality into a positive externality.
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