According to the equation of exchange, if nominal GDP equals $6 trillion and the money supply equals $1 trillion, the velocity of money:
a. must be 6
b. must be 1/6.
c. must be 6 trillion.
d. must be 1/6 trillion.
e. cannot be determined unless we know the price level.
a
Economics
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Which decision cannot be made at the margin?
a. whether to spend the day on Saturday watching movies or going hiking b. whether to spend your two-week vacation at the beach or in town c. whether to order a pepperoni or a cheese pizza d. whether to move from Boston to Chicago
Economics
An advantage to exchange-rate targeting is it helps keep inflation under control by tying the inflation rate for ________ traded goods to what is found in the ________ country
A) domestically; anchor B) domestically, domestic C) internationally; anchor D) internationally; domestic
Economics