From the equation of exchange, if both real income (Y) and the quantity of money (M) double and the price level (P) remains constant, then velocity (V) ________ and nominal income ________

The above figure shows the total revenue curve for Dizzy Discs. The demand curve for CDs sold by Dizzy Discs

A) has negative slope. B) has positive slope. C) is horizontal. D) is vertical.

Dollarization is a policy action that

A) tries to stabilize the value of the local currency vs. the U.S. dollar. B) adopts the currency of another country as the national medium of exchange. C) mimics policy actions taken by the U.S. Federal Reserve. D) outlaws the holding of foreign currencies other than the U.S. dollar.