Consumer surplus equals the quantity supplied minus the quantity ...

[Bob-Dole]

Consumer surplus equals the quantity supplied minus the quantity demanded.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the money supply is held constant as both real and nominal GDP are rising.
 a. the velocity of money will rise.
  b. the velocity of money will fall.
  c. interest rates will rise.
 d. both (a) and (c)

[ultraflyy23]

Answer to Question 1

False

Answer to Question 2

d

[Bob-Dole]

Thank you

[ultraflyy23]

No problemo