The equation of exchange is an accounting identity that
a. relates the money supply to nominal GDP.
b. equates the demand for money with the supply of money.
c. relates the money supply to real GDP.
d. accounts use to balance assets and liabilities.
a
Economics
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In the figure above, suppose the market is at equilibrium. Then area B is the
A) marginal benefit. B) marginal cost. C) amount of the consumer surplus. D) amount of the producer surplus. E) deadweight loss.
Economics
Aggregate private spending is stable according to non-activists PRIMARILY because
A) consumer spending is insulated from changes in income according to the PIH and LCH theories. B) private residential and non-residential investment is volatile. C) government spending is volatile. D) the money supply is unstable.
Economics