Each of the following is one of the four main categories of spending identified by John Maynard Keynes except
A) taxes. B) net exports.
C) government purchases. D) consumption.
A
Economics
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If the quantity of money is $6 billion and nominal GDP is $9 billion, the velocity of circulation is
A) 0.67. B) 1.5. C) 36. D) 54. E) 3.
Economics
In the recession of 2007-2009, the unemployment rate first began to increase sharply
A. in the first quarter of 2007. B. in the fourth quarter of 2007. C. in the first quarter of 2008. D. in the third and fourth quarters of 2008.
Economics