If GDP is $5,000 billion and the velocity of the M2 money supply is 5, what is the amount of the public's holding in the form of M2?

A. $500
B. $2,000
C. $1,500
D. $1,000

Ans: D. $1,000

Economics

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U.S. unemployment caused by NAFTA over the years from 1994 to 2002:

a. totaled 13% of manufacturing job loss in the United States during that period. b. was not permanent as most workers were re-employed within three years. c. was offset completely by increased product variety imports and lowered prices. d. totaled 13% of manufacturing job loss in the United States during that period was not permanent, as most workers were re employed within three years, and was offset completely by increased product variety imports and lowered prices.

Economics

In the above figure, the amount of tax revenue is

A) $2,000. B) $4,000. C) $6,000. D) $8,000.

Economics