According to the quantity theory of money, in the long run, an increase in the quantity of money results in an equal percentage increase in ________

A) the price level
B) the growth rate of real GDP
C) the inflation level
D) the growth rate of potential GDP


A

Economics

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Reserves borrowed at the federal funds rate are usually repaid ________.

A. in one year B. the next day C. at the end of the month D. in five years

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If we observe that when the price of chocolate decreases by 10%, quantity demanded increases by 25%, then the demand for chocolate is price elastic

a. True b. False Indicate whether the statement is true or false

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Segmenting based on lifestyle and social class is categorized as

Sociodemographic Psychographic Cohort Usage

Economics

In very small towns where there is only one grocery store, the market form is

A. oligopoly. B. monopolistic competition. C. monopoly. D. perfect competition.

Economics