Monetarists use the equation of exchange to predict the effects of changes in M on

a. velocity.
b. nominal GDP.
c. real GDP.
d. the price level.

b

Economics

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The gross domestic product of a small country is $4,150,000 and the size of its employed labor force is 5,000. The income per worker of the country is ________

A) $620 B) $213 C) $830 D) $445

Economics

Freedom of economic choice is one of the chief advantages of a

a. market economy b. command economy c. communist economy d. traditional economy

Economics