Since the 1970s, the velocity of money has

a. behaved in a predictable fashion.
b. behaved in an erratic fashion.
c. decreased in value.
d. increased in a stable and predictable fashion.

b

Economics

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Rick and Kate want to go on a date. Rick wants to go to a rock concert while Kate wants to go to a movie. Rick values going to the concert at $100, while Kate values watching a movie at $50. What is the equilibrium in this situation?

What will be an ideal response?

Economics

You like to sleep until 11:00 am during the semester. What is the opportunity cost of attending an 8:00 am class?

A) nothing, since you can go back to bed later B) sleep C) obtaining the notes from the 8:00 am class D) the credit hours earned from the 8:00 am class

Economics