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 160 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
Gracias!

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Dependence of initial velocity on substrate concentration Dependence of initial velocity on substrate concentration
Circulation of the blood. Circulation of the blood.
(A) Fetal circulation; (B) postnatal circulation. (A) Fetal circulation; (B) postnatal circulation.
Thermohaline circulation Thermohaline circulation
Coronary Circulation Coronary Circulation
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library