If M = 3,000, P = 2, and Y 12,000, what is velocity?

Which of the following is a plausible explanation for a downward shift in the consumption function?

A) A decline in home values B) A decline in wages C) A decrease in the personal income tax rate D) A rise in wages

Buying securities on the margin requires people interested in buying stocks to pay only a percentage (a margin) of the actual purchase price. The rest is borrowed from someone else, usually an investor's broker

Indicate whether the statement is true or false