Figure 30-2

question 103

Multiple Choice

Figure 30-2. On the graph, MS represents the money supply and MD represents money demand. The usual quantities are measured along the axes.
-Refer to Figure 30-2. Suppose the relevant money-demand curve is the one labeled MD1; also suppose the velocity of money is 4. If the money market is in equilibrium, then the economy's real GDP amounts to

• A) 2,500.
• B) 7,500.
• C) 10,000.
• D) 40,000.

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Team Player

An individual who works well within a group, often putting the team’s goals ahead of personal gains.

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Acting or making decisions without input or influence from others.

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An expression referring to pursuing one's personal interests or activities independently of others.

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A cultural value or social pattern that emphasizes the importance of groups and collective action, prioritizing the goals and wellbeing of the group over individual desires or achievements.