If M is 2,000,Q is 1,000,and P = 6,then V
A) Is 2.
B) Is 3.
C) Is 6.
D) Is 12.
E) Cannot be found.
Correct Answer:
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Q10: Say's law was the centerpiece of
A)Keynesian economics.
B)communism.
C)classical
Q11: The classical economists believed that recessions
A)needed to
Q12: The equation of exchange
A)is GDP = C
Q13: The only school of economics that could
Q14: The quantity theory of money originated under
A)classical
Q16: The most prominent classical economist was
A)Karl Marx.
B)Adam
Q17: John Maynard Keynes believed that a recession
Q18: Lowering tax rates was the main priority
Q19: Keynesian economics focused on
A)equally at curing recessions
Q20: The crude quantity theory of money assumes
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