See Scenario 4.1. What quantity Qc will maximize Daniel's utility given the information above?
A) 0
B) 24
C) 40
D) 60
E) none of the above
C
Economics
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Refer to the above figure. A price ceiling has been set at P1, and a black market has opened. The equilibrium black market quantity will be
A) below Q1. B) above Q3. C) between Q1 and Q3. D) Q2.
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If the money supply is $250 billion and nominal GDP is $1 trillion, the velocity of money is:
a. 0.25. b. 0.40. c. 2.50. d. 4.00.
Economics