Assume that M is $200 billion and V is 6. If V increases by 15 percent, then, according to the monetarist equation, nominal GDP will have increased by:

An increase in the demand for labor will ________ wages and ________ employment

A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease

A Herfindahl-Hirschman Index value of 1,950 indicates that the industry is not competitive.

a. true b. false