Refer to the table above. The gross domestic product of the country is ________

A) $402,000 B) $452,000 C) $554,000 D) $352,000

D

Economics

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Suppose that M = 300, P = 150, and Y = 6. Then the velocity of circulation equals

A) 0.02. B) 0.50. C) 2.00. D) 3.00.

Economics

Activists believe that ________

A) frictions to the self-correcting mechanism of markets prevent prices and wages from being very flexible B) it takes a very long time to reach the long run C) Keynes was right with his statement "in the long-run, we are all dead" D) all of the above E) none of the above

Economics