Compute the velocity of money
Calculate the velocity of money when nominal gross domestic product (GDP) is $1 trillion and the money supply is $250 billion.
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If the MPC is 0.6 what is the value of the multiplier? What would be the new equilibrium value of real GDP corresponding to the $20 billion dollar increase in government spending?
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Suppose that a competitive firm has a total cost function C(q) = 450 + 15q + 2q^2 and a marginal cost function MC(q) = 15 + 4q. If the market price is P = $115 per unit, find the level of output produced by the firm. Find the level of profit and t
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