1.If the growth rate of the money supply increases to 18%, velocity grows at 1%, and real GDP grows at 2% per year on average, then what will be the inflation rate?

2.If nominal GDP is $7 trillion, and the money supply is $2 trillion, then what is the velocity of money?

3. What is the basic quantity equation of money

4. What is an example of how non-rational human behavior can change an economic outcome?

5. What are the three reasons to study economics?

6. Why is money not considered capital in economics?

7.What is an example of how non-rational human behavior can change an economic outcome?

8. Explain the difference between the study of microeconomics and the study of macroeconomics.

9. What is government intervention in economics?

10.What is the Lucas critique as used in the economy