If nominal GDP = $900 billion and the public holds $300 billion in M2, then the velocity of the M2 money supply is

A) 1.
B) 2.
C) 3.
D) 4.

Ans: C) 3.

Economics

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In the above figure, the market is at its equilibrium. Area B is equal to

A) consumer surplus. B) total revenue. C) marginal benefit. D) producer surplus. E) total surplus.

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Mortgage-backed securities are groups of mortgages that are bundled together and sold to investors

Indicate whether the statement is true or false

Economics