If velocity is 6 and the quantity of money is $2 trillion, what is nominal GDP?
A) $12 trillion
B) $6 trillion
C) $3 trillion
D) $333 billion
A
Economics
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Members of the Board of Governors are appointed by the president of the U.S. and confirmed by the U.S. Senate
a. True b. False Indicate whether the statement is true or false
Economics
Two identical firms compete as a Cournot duopoly. The demand they face is P = 100 ? 2Q. The cost function for each firm is C(Q) = 4Q. Each firm earns equilibrium profits of:
A. $4,096. B. $1,024. C. $2,048. D. $512.
Economics