« previous next »

Author Question: The equation of exchange is a formula indicating that the number of monetary units times A) the ... (Read 85 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
The equation of exchange is a formula indicating that the number of monetary units times
 
  A) the number of times each monetary unit is spent on final goods and services is identical to the price level times real GDP.
  B) real GDP is identical to the price level times the number of times each monetary unit is spent on final goods and services.
  C) nominal GDP is identical to the price level times the number of times each monetary unit is spent on final goods and services.
  D) the price level is identical to the number of times each monetary unit is spent on final goods and services times real GDP.

Question 2

In order to get his bachelor's degree, Timothy gave up an offer for a full time job as a bartender. Therefore, Timothy incurred an opportunity cost.
 
  Indicate whether the statement is true or false
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


ryansturges

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
A platinum tipped spark plug that is fuel soaked indicating a fault with the fuel system or the ... A platinum tipped spark plug that is fuel soaked indicating a fault with the fuel system or the ...
Inhalers used to deliver asthmatic drugs: (a) Metered-dose inhaler. The patient times the inhalation ... Inhalers used to deliver asthmatic drugs: (a) Metered-dose inhaler. The patient times the inhalation ...
How to convert between imperial and metric units (Part 1) How to convert between imperial and metric units (Part 1)
Equation Equation
Black-Scholes Formula Black-Scholes Formula
(mn/p) = 6 . How do you manipulate the equation so that you isolate m on one side? (mn/p) = 6 . How do you manipulate the equation so that you isolate m on one side?
Video: Phlebotomy

For a complete list of videos, visit our video library