Suppose the money supply tripled, but at the same time velocity doubled and real GDP was unchanged. According to the quantity equation the price level
a. is 1.5 times its old value.
b. is 3 times its old value.
c. is 6 times its old value.
d. is the same as its old value.
c
Economics
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A rational person maximizes
A) risk. B) return. C) expected utility. D) return variance.
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At the current level of production, if the firm's MR>MC, then the firm should
a. produce more b. the company is maximizing profit at this output c. producing less d. None of the above
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Some companies merge in order to lower costs through efficient joint production
a. True b. False Indicate whether the statement is true or false
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What are some reasons why coordination of economic affairs through the price system may not work perfectly?
What will be an ideal response?
Economics