Author Question: If velocity is growing by 2 percent per year and real output is growing 6 percent per year, ... (Read 140 times)

nramada · **on:** Jun 30, 2018

If velocity is growing by 2 percent per year and real output is growing 6 percent per year, according to the equation of exchange, in order to maintain stable prices, the money supply would have to:
a. grow by 3 percent.
b. grow by 4 percent.
c. grow by 8 percent.
d. grow by 12 percent.

Question 2

Producer surplus from a unit of output is the difference between the market price and the seller's cost of producing that unit.
a. True
b. False
Indicate whether the statement is true or false

xiaomengxian · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

True

nramada · **Reply 2 on:** Jun 30, 2018

Excellent

ultraflyy23

TYSM

Author Question: If velocity is growing by 2 percent per year and real output is growing 6 percent per year, ... (Read 140 times)

nramada

If velocity is growing by 2 percent per year and real output is growing 6 percent per year, ...

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xiaomengxian

If velocity is growing by 2 percent per year and real output is growing 6 percent per year, ...

nramada

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