Velocity can be defined as:
a. the turnover rate of money
b. the speed at which economic activity takes place.
c. the speed at which multiplier effect takes place.
d. the speed at which tax cuts are spent.
a
Economics
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A devaluation causes which of the following to occur in the medium run?
A) an increase in net exports B) an increase in the price level C) an increase in output D) all of the above E) none of the above
Economics
If profit per unit equals (price - cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have
a. a basic "U" shape. b. a negative slope. c. a positive slope. d. All of the above could be correct.
Economics