If the Velocity of Money Is 5 and the Supply

question 97

Multiple Choice

If the velocity of money is 5 and the supply of money is $200 billion, then real GDP is:

• A) $66.67 billion.
• B) $200 billion.
• C) $600 billion.
• D) indeterminate as there is no information about nominal GDP.

Recognize the legal and social efforts to control substance abuse.

Distinguish between different theories of addiction development.

Comprehend the role of cognitive-behavioral factors in addiction.

Discern the components and critiques of the moral model of addiction.

---

Definitions:

Deferred Imitation

A cognitive ability seen in children where they replicate actions or behaviors after a delay, reflecting memory and understanding capabilities.

Deferred Imitation

The ability to replicate an action or behavior after a delay, demonstrating the development of memory and cognitive skills, often observed in children.

Habituation Studies

Research methodologies used to study how individuals decrease or cease their responses to a repetitive stimulus over time.

Sophisticated Play

Complex and imaginative play that involves advanced thinking, creativity, and social interactions.