If real GDP is $200, the price level is 2.5, and velocity is 5, then the quantity of money is
A) $100. B) $500. C) $750. D) $200. E) $1,000.
A
Economics
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If wages and prices become extremely flexible ________
A) there is no trade off between inflation and unemployment B) unemployment can hardly deviate from the natural rate C) it becomes very difficult to differentiate the short-run from the long-run Phillips curve D) all of the above E) none of the above
Economics
The Forstall System was the antebellum banking regulation in:
a. New England. b. The old Northwest (Ohio, Indiana, Illinois, and neighboring states). c. New York State. d. Louisiana.
Economics