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Author Question: Which of these is not a beneficial supply shock? a. An abundant harvest that increases food ... (Read 78 times)

DyllonKazuo

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on: Jun 30, 2018
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.


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shayla

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

e

Answer to Question 2

e


DyllonKazuo

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

lkanara2

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Reply 3 on: Yesterday
:D TYSM

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