The simple quantity theory of money predicts that if
A) the money supply rises by $200, then GDP falls by $200.
B) GDP rises by $400, then the money supply rises by $400.
C) the money supply rises by 10 percent, then the price level rises by 10 percent.
D) the money supply falls by $300, then GDP rises by $300.
C
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Under the kinked demand model, suppose the firm's demand curve shifts rightward but the price at which the kink occurs remains the same. In this case, the firm:
A) does not change its output. B) increases output. C) decreases output. D) We do not have enough information to answer this question.
Think of at least nine examples, three of each, that display a positive, negative, or no correlation between two economic variables. In each of the positive and negative examples, indicate whether or not you expect the correlation to be strong or weak
What will be an ideal response?
The development of instantaneous electronic communication and transaction markets has increased the potential for market arbitrage
Indicate whether the statement is true or false
What happened in response to passage of the Wagner Act in 1935?
a. Many formerly unionized industries saw a decrease in union activities. b. Unions formed in most of the mass production industries for the first time. c. Labor unions were prohibited from controlling hiring at closed shops. d. Worker alienation and dissatisfaction grew in deregulated industries.