The equation of exchange can be written as
A) MsV = PY. B) MsP = VY.
C) MsY = VP. D) None of the above are correct.
A
Economics
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If the marginal cost of a perfectly competitive firm producing a good is $50 and the market price of the good is $100, the firm should:
A) decrease its output. B) increase its output. C) try to increase the market price. D) try to decrease the market price.
Economics
Over the past 40 years, the most frequent target for the Fed's monetary policy has been the: a. prime interest rate
b. federal funds rate. c. M1 money supply. d. M2 money supply. e. required reserve ratio.
Economics