Alex is willing to pay $100 for a new dress. On reaching the store, he finds that the price is $75 . If Alex purchases the dress, he receives a consumer surplus of _____

If real GDP is $4 billion, the price level is 1.25, and the nominal money stock is $500 million, then velocity is

A) 0.1. B) 1. C) 10. D) 100.

Park rangers at Yellowstone National Park are known to have low wages. This is probably because

a. park rangers are required to be college graduates. b. park rangers don't need much money to live. c. park ranger jobs are perceived to be dangerous. d. park ranger jobs are perceived to be "fun."