In the 1990s

question 7

Multiple Choice

In the 1990s

• A)growth of M1 was more stable than growth of nominal GDP,and velocity soared through most of the period.
• B)growth of nominal GDP was more stable than growth of M1,and velocity soared through most of the period.
• C)growth of M1 was more stable than growth of nominal GDP,and velocity plummeted through most of the period.
• D)growth of nominal GDP was more stable than growth of M1,and velocity plummeted through most of the period.

---

Definitions:

Extra Value Meal

A marketing offer by fast-food restaurants where a combination of items is sold together at a reduced price, compared to buying each item separately.

Profit Equation

Profit = Total revenue − Total cost; or Profit = (Unit price × Quantity sold) − (Fixed cost + Variable cost).

Total Revenue

the overall income generated by a business from its operations, before any expenses are deducted.

Total Cost

The complete cost of producing or acquiring a product or service, including all direct and indirect expenses.