If the nominal GDP is $16.2 trillion and money supply is $1.9 trillion, then the velocity is
a. 0.12.
b. 16.2.
c. 8.5.
d. 1.9.
c. 8.5.
Economics
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If good B is a complement to good A, then a decrease in the price of B
a. increases the quantity demanded of A b. decreases the demand for A c. increases the demand for A d. decreases the quantity demanded of A e. will cause the demand for B to increase
Economics
The creation of private property rights corrects negative externality problems in many cases because they
a. cannot create negative externalities b. create a strong incentive for the private owners to maintain the property c. can force the government to compensate the owners for the externality costs d. encourage people to become free riders e. always lead to the social optimal price and output levels
Economics