Velocity of money is the ratio of ________
A) real GDP to money demand B) money supply to money demand
C) nominal GDP to money supply D) nominal GDP to money demand
C
Economics
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"As Rob consumes more dates over the course of a day, it is likely that his marginal utility from date consumption will rise." Is the previous statement likely correct or incorrect?
What will be an ideal response?
Economics
If technological change occurs in the economy,
A) the long-run aggregate supply curve will shift to the left. B) we will move up along the long-run aggregate supply curve. C) we will move down along the long-run aggregate supply curve. D) the long-run aggregate supply curve will shift to the right.
Economics