(05.03 MC) Assume that the money supply in an economy is $900 million, the velocity of money is constant at 5, and the price per unit of output is $3. What is the real and the nominal GDP?

(05.02 MC) If an economy is in long-run equilibrium, then which of the following is true for the economy’s Phillips curve model?

  (01.06 MC) Use the graph to answer the question that follows.Which of the following accurately represents the disequilibrium in the market?

(02.01 LC)How were the French and Dutch colonial projects different from the Spanish?

(02.04 LC)Which of the following is true of the laws that developed in the southern colonies, such as Virginia?

(05.01 MC) Which of the following best explains the effect of a contractionary fiscal and monetary policy on the aggregate demand of an economy?

(04.06 MC) Suppose the reserve requirement is 10% with no excess reserves held with banks. What will the change in money supply be if the central bank purchases bonds worth $500 million from banks?

(04.07 MC) Use the data table to answer the question that follows. GDP $20 billion Household consumption $12 billion Government tax revenue $4 billion Government spending $5 billion Net exports $0 Based on the data table, what would be the national savings for this economy?

(05.04 LC) Which of the following will lead to an increase in the national debt?

(05.04 MC) Which of the following best explains the difference between a government debt and a budget deficit?