If a bank pays 12% interest, and that bond has a selling price of $1,200 and a face value of $1,000, how much interest does it pay?

Suppose that P × Y is $5,000 million a year and the quantity of money is $500 million. Then the velocity of circulation is

A) 50. B) 10. C) 500. D) 20. E) 2,500,000.

Which of the following will cause an inward shift of the production possibilities curve of an economy?

A) A decrease in the demand for goods and services B) Introduction of better technology C) A decline in the size of the labor force D) An increase in the opportunity cost of the goods being produced