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Author Question: The velocity of circulation of money is the ratio of the real gross domestic product to the money ... (Read 156 times)

Deast7027

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on: Jun 30, 2018
The velocity of circulation of money is the ratio of the real gross domestic product to the money supply.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assume there is a price ceiling imposed on a good which is below the equilibrium price. Which of the following changes would reduce the size of the shortage?
 a. an increase in demand
  b. a decrease in demand
  c. a decrease in supply
 d. a lower price ceiling


lcapri7

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

False

Answer to Question 2

b


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Deast7027

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Reply #2 on: Jun 30, 2018
Thank you :)


lcapri7

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Reply #3 on: Jun 30, 2018
Happy to help you


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