In the second quarter of 1995, the following values were observed: real GDP = 4,359.3 billion; GDP Deflator = 325.1; and M1 = 989.5 . What is the value of velocity?

Evidence suggests that population growth has negative effects on

(a) economic growth. (b) poverty reduction. (c) environment. (d) education. (e) all of the above.

During the 1987-88 expansion period interest rates in the United States rose as did the rate of investment in the economy. These facts suggest

A) the simple accelerator effect and the effects of higher interest rates complemented each other to raise output growth. B) the simple accelerator effect and the effects of lower interest rates complemented each other to lower output growth. C) the effects of the accelerator were greater than those of increased interest rates. D) the effects of the accelerator were smaller than those of increased interest rates.