If velocity is equal to 4, this means that
A) the rate of growth of the money supply is 4.
B) an increase in the money supply will lead to an increase in aggregate supply of 4.
C) each dollar of the money supply is spent on the average 4 times per year.
D) for every 4 dollars of the money supply, nominal GDP will increase by 4.
Question 2
According to the theory based on rational expectations and flexible wages and prices,
A) only the combination of discretionary fiscal policy and conservative monetary policy can affect real GDP in the long run.
B) neither fiscal nor monetary policy influence real GDP in the long run.
C) fiscal policy has less effect on real GDP than monetary policy in the long run.
D) monetary policy has less effect on real GDP than fiscal policy in the long run.
Exponential versus logistic growth.
Tree species richness in North America is correlated with evapotranspiration rate.
The adolescent growth spurt in humans is seen as a “bump” in the height curve and a “spike” in the h
Cancer Growth and Metastasis
How would you rate your overall health?” The percent of adults answering “excellent” or ...
Most drugs exhibit first-order elimination, in which the rate of drug elimination is equivalent to ...