The Arithmetic Average Return of 8,12,2,and 16 Per Cent Is $\times$

question 34

Multiple Choice

The arithmetic average return of 8,12,2,and 16 per cent is computed as:

• A)the square root of (8 + 12 + 2 + 16)
• B)the ¼ root of (8 + 12 + 2 + 16)
• C)(8 + 12 + 2 + 16) \(\times\) 4
• D)(8 + 12 + 2 + 16) \(\div\) 4
• E)(8 + 12 + 2 + 16) \(\div\) 2

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Definitions:

MV = PQ

An equation of exchange in economics that states money supply times the velocity of money equals the price level times the output (quantity of goods and services produced).

Big Government

A term referring to a government or state perceived as overly involved in the various aspects of societal, economic, and personal lives of its citizens.

Keynesians

Supporters of the economic theories established by John Maynard Keynes, focusing on total spending in the economy and its effects on output and inflation.

Monetarism

A school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation.