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Author Question: Suppose that M = 300, P = 150, and Y = 6. Then the velocity of circulation equals A) 0.02. B) ... (Read 48 times)

swpotter12

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on: Jun 29, 2018
Suppose that M = 300, P = 150, and Y = 6. Then the velocity of circulation equals
 
  A) 0.02.
  B) 0.50.
  C) 2.00.
  D) 3.00.

Question 2

In monopolistically competitive industries
 
  A) non-price competition through product differentiation is actively pursued by firms.
  B) product variety is the same as in perfectly competitive industries.
  C) firms do not respond to changes in consumer demand.
  D) firms' economic profits are protected by barriers to entry.


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Laurenleakan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


swpotter12

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Zebsrer

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Reply 3 on: Yesterday
:D TYSM

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