Author Question: Assuming that, over a given period, the value of transactions in current dollars is 8 trillion and ... (Read 60 times)

Hungry! · **on:** Jun 30, 2018

Assuming that, over a given period, the value of transactions in current dollars is 8 trillion and the money stock is 500 billion. What is the transaction velocity of money?

a. .0625
b. 12
c. 16
d. None of the above

Question 2

Labor unions create a rent when they succeed. This rent forces employers or management to return some of their profits to unionized workers in the form of improved working conditions, health benefits or increased wages.

Indicate whether the statement is true or false