​Members of the Genus Homo Have Primarily Adapted Through Culture

question 48

Multiple Choice

​Members of the genus Homo have primarily adapted through culture over the past:

• A)​50,000 years
• B)​1.5 million years
• C)​2.5 million years
• D)​7.7 million years

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Definitions:

PQ = GDP

An equation stating that the price level (P) times the quantity of output (Q) is equal to the Gross Domestic Product.

Equation of Exchange

A formula representing the relationship between the money supply, its velocity, the price level, and the volume of transactions in an economy.

False Statement

An untrue or misleading assertion or claim intentionally or unintentionally conveyed as a fact.

Monetarists

Economists who support the idea that the money supply's fluctuations profoundly influence national output in the immediate future and the price level over more extended periods.