This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If nominal GDP equals 10 trillion and the velocity of circulation is 5, then A) real GDP is 2 ... (Read 127 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
If nominal GDP equals 10 trillion and the velocity of circulation is 5, then
 
  A) real GDP is 2 trillion.
  B) the quantity of money is 50 trillion.
  C) the quantity of money is 2 trillion.
  D) the real value of the quantity of money is 10 trillion.

Question 2

If a firm finds that, at its current level of employment, VMP < W, then it has
 
  A) reached maximum profits.
  B) reached minimum profits.
  C) not hired enough labor to maximize its profit.
  D) hired too much labor to maximize its profit.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


asmith134

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ultraflyy23

  • Member
  • Posts: 312
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo
circulation of abdominal organs circulation of abdominal organs
Dependence of initial velocity on substrate concentration Dependence of initial velocity on substrate concentration
What is real and what is an illusion? What is real and what is an illusion?
Fetal Circulation Fetal Circulation
MOMENTUM AND IMP meteor(158 kg) is moving with a velocity of 127 m/s , and breaks into two ... MOMENTUM AND IMP meteor(158 kg) is moving with a velocity of 127 m/s , and breaks into two ...
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library