The data on hyperinflation show a clear link between the quantity of money and
a. the price level.
b. growth rate of GDP.
c. unemployment rate.
d. velocity.
a
Economics
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What were the major reasons for the lack of sustained growth before modern times?
What will be an ideal response?
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Of the following, pick the year the U.S. enjoyed a budget surplus
A) 1970 B) 1980 C) 1990 D) 2000 E) 2010
Economics
In a simple Keynesian model, a decrease in income leads to a decrease in
A) consumption. B) investment. C) the price level. D) the money supply.
Economics
Which of the following is true in long-run equilibrium for both perfect competition and monopolistic competition?
A. Accounting profit is zero. B. Marginal cost equals price. C. Long-run average cost is at a minimum. D. Economic profit is zero.
Economics