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Author Question: If nominal GDP equals 10 trillion and the velocity of circulation is 5, then A) real GDP is 2 ... (Read 95 times)

asmith134

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on: Jun 29, 2018
If nominal GDP equals 10 trillion and the velocity of circulation is 5, then
 
  A) real GDP is 2 trillion.
  B) the quantity of money is 50 trillion.
  C) the quantity of money is 2 trillion.
  D) the real value of the quantity of money is 10 trillion.

Question 2

If a firm finds that, at its current level of employment, VMP < W, then it has
 
  A) reached maximum profits.
  B) reached minimum profits.
  C) not hired enough labor to maximize its profit.
  D) hired too much labor to maximize its profit.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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BUTTHOL369

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asmith134

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Reply 2 on: Jun 29, 2018
Excellent

xiazhe

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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