Which of the following is a definition of velocity?
a. Velocity = value of final goods and services produced/money supply
b. Velocity = real GDP/M
c. Velocity = nominal GDP/real GDP
d. Velocity = (P Q)/(M V)
a
Economics
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Which of the following is NOT a characteristic of perfectly competitive markets?
A) The government restricts the number of producers through licensing requirements. B) All market participants are price-takers. C) It is easy to find a trading partner. D) All products are identical.
Economics
In the United States, total health care spending per person has been ________, and out-of-pocket spending on health care per person has been ________
A) rising; rising B) rising; falling C) falling; rising D) falling; falling
Economics