Assume the following: M = $500; V = 10; and Q = 500. From the equation of exchange, the value of P is

If the Federal Reserve sells bonds, the required reserve ratio is 0.25 and the money supply decreases by $10,000 . how did the Fed accomplish this change?

a. The Fed sold $10,000 in bonds. b. The Fed sold $7, 500 in bonds. c. The Fed sold $2,500 in bonds. d. The Fed sold $7,518 in bonds. e. The Fed sold $40,000 in bonds.

Professor Gordon posits that the best years of U.S. growth are behind us because of four "headwinds," which are:

a. lackluster growth and poverty b. demographids and education c. debt and inequality d. a and b only e. b and c only