According to the equation of exchange, if M = 200, P = 100, and Q = 10, the V is:
a. 20.
b. 2.
c. 10.
d. 5.
e. 2,000.
Question 2
Which of the following offers an example of structural unemployment?
a. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-term decline in horse-and- buggy transportation.
b. The rise in unemployment among farm workers after harvest.
c. The unemployment associated with workers changing jobs.
d. The increase in unemployment during recessions.
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