The ratio of nominal GDP to money supply is referred to as:

In an increasing-cost industry, the long-run market supply curve is

a. horizontal b. vertical c. upward sloping d. downward sloping e. nonexistent

One principle that nearly all economists agree on when defining money is that it should be

a. spendable. b. liquid. c. accepted as payment. d. easily transferable. e. All of the above are correct.