Which of these is not a beneficial supply shock? a. An abundant ...

[DyllonKazuo]

Which of these is not a beneficial supply shock?
 a. An abundant harvest that increases food supplies
 b. The discovery of natural resources
 c. Reductions in business taxes
 d. Technological advances
 e. Establishment of the Occupational Safety and Health Administration (OSHA)

Question 2

According to the equation of exchange, if real GDP is 2 trillion and the money supply is 0.5 trillion, the velocity of money:
 a. must be 4.
 b. must be 1/4.
 c. must be 4 trillion.
 d. must be 1/4 trillion.
 e. cannot be determined unless we know the price level.

[shayla]

Answer to Question 1

e

Answer to Question 2

e

[DyllonKazuo]

YES! Correct, THANKS for helping me on my review

[lkanara2]

Thanks for the timely response, appreciate it