According to the equation of exchange, how can national income grow even though the amount of money does not?

A) price level increases
B) real GDP decrease
C) velocity increases
D) velocity decreases

C

Economics

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A Fed purchase of gold, SDRs, a deposit denominated in a foreign currency or any other asset is just an open market ________ of these assets, ________ the monetary base

A) purchase; raising B) sale; raising C) purchase; lowering D) sale; lowering

Economics

The objective of creating a permit trading system for SO2 (sulfur dioxide) is to

A) employ environmental protection agency (EPA) workers. B) create a market in which one did not previously exist. C) make annual company tax reporting more difficult. D) increase the incidence of acid rain.

Economics