According to the equation of exchange, if Real GDP is $3 trillion and the money supply is $0.5 trillion, then velocity

A) must be 6.
B) must be 1/6.
C) must be 4 trillion.
D) must be 1/4 trillion.
E) cannot be determined without knowing what the price level is.

Economics

Which is an example of a negative externality?

A) A tornado B) A hurricane C) A flood D) All of the above. E) None of the above.

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Economics

As long as technology increases, economic growth is free

Indicate whether the statement is true or false

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Economics