If the stock of money is $20 billion, velocity is 4, and real output is $40 billion, what is the price level?

There are two grocery stores in the new neighborhood that you have moved into. Because you did not know which store is better, you decided to go to the one that is relatively crowded. Your behavior is an example of ________

A) herding B) anchoring C) signaling D) sniping

The growth-reducing effects of high public debt are transmitted entirely through high real interest rates on that debt

a. True b. False Indicate whether the statement is true or false