If M = $1,200 Billion and V = 4,then Total

question 25

Multiple Choice

If M = $1,200 billion and V = 4,then total spending is _______________billion.Then velocity falls to 2 and M rises to $2,000 billion,so that total spending is now _______________ billion,and GDP has _________________.

• A)$4,800;$4,000;declined
• B)$300;$1,000;risen
• C)$4,800;$4,000;risen
• D)$1,204;$2,002;risen

Understand the relationship between supply, demand, and market prices.

Identify factors that can cause shifts in supply and demand curves.

Analyze the impact of cost changes on supply and demand.

Understand the concept of market equilibrium and how it is achieved.

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Definitions:

Visible Minorities

Refers to groups of people who are not of the dominant race in a given society and who are recognizable by their distinct physical characteristics.

Older Workers

Individuals in the workforce who are near or beyond the traditional age of retirement, often considered to bring valuable experience and stability.

Young Workers

Individuals entering the workforce who are typically considered to have less experience and are often in their late teens to early twenties.

Low Wage Employees

Individuals employed in positions that pay less than the average wage for all workers.