Suppose that this year's money supply is $50 billion, nominal GDP is $1 trillion, and real GDP is $500 billion. What is the price level? What is the velocity of money? Suppose that velocity is constant and the economy's output of goods and services rises by 5 percent each year.
Siouxsie: Well, G, we suspect that your cat has fleas. And hereâs why. Thomas: Tiny blood spots in wet places are a key indicator of the presence of fleas. These nasty little parasites feed off your catâs blood, and when they poop, they poop out that dried blood. Dahlia: Flea dirt looks like little black specks when itâs dry, but when itâs wet it turns a rusty-red or blood color. Siouxsie: Fleas are not always obvious. Theyâre really good at hiding under your catâs fur, so you wonât necessarily see them crawling around on your cat unless the poor thing is really infested.
After hatching, flea eggs develop into tiny, worm-like larvae. Larvae remain hidden deep in carpet fibers, beneath furniture cushions and in other protected areas. The larvae feed mainly on adult flea feces (dried blood) which accumulates, along with the eggs, in pet resting and activity areas. Before becoming adult fleas, the larvae transform into pupae within a silk-like cocoon. Pupae remain inside the cocoon for 2 to 4 weeks, sometimes longer.