In 2008, nominal GDP was equal to $14,265 billion while the M1 money supply was $1,423 billion. What was the velocity of the M1 money stock?

What is intertemporal comparative advantage?

What will be an ideal response?

Who are likely to earn higher incomes, doctors or nurses, and why?

a. doctors, because their training is more expensive b. doctors, because their job has higher social status c. nurses, because their job is more desirable d. nurses, because their education is more costly e. doctors, because there are more job openings for them