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Author Question: If velocity is growing by 2 percent per year and real output is growing 6 percent per year, ... (Read 123 times)

nramada

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on: Jun 30, 2018
If velocity is growing by 2 percent per year and real output is growing 6 percent per year, according to the equation of exchange, in order to maintain stable prices, the money supply would have to:
 a. grow by 3 percent.
 b. grow by 4 percent.
 c. grow by 8 percent.
 d. grow by 12 percent.

Question 2

Producer surplus from a unit of output is the difference between the market price and the seller's cost of producing that unit.
 a. True
  b. False
  Indicate whether the statement is true or false


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xiaomengxian

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


nramada

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Reply 2 on: Jun 30, 2018
:D TYSM

AmberC1996

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Reply 3 on: Yesterday
Gracias!

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