The money supply is 4,000 . nominal GDP is 8,000 . and real GDP is 2,000 . Which of the following is 2?
a. the price level and velocity.
b. the price level but not velocity.
c. velocity but not the price level.
d. neither the price level nor velocity.
c
Economics
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a. True b. False Indicate whether the statement is true or false
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Receiving a voucher for an apartment in a public housing project would be an example of a good that satisfies
A) the principle of rival consumption. B) the definition of a public good. C) the definition of a good with a positive externality. D) the nonexclusion principle.
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