If the velocity of money is 5, then each dollar must have exchanged hands on average 5 times per ______.

An increase in the money supply causes output to rise in the short run.

a. true b. false

Countervailing duties are intended to neutralize any unfair advantage that foreign exporters might gain because of foreign

A) tariffs. B) subsidies. C) quotas. D) Local-Content legislation. E) comparative advantage.