According to both the equation of exchange and the quantity theory of money
A) an increase in the money supply will decrease real Gross Domestic Product (GDP).
B) a decrease in the money supply will decrease the velocity of money.
C) a decrease in the money supply will decrease the price level.
D) an increase in the money supply will increase real Gross Domestic Product (GDP).
C
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In 2002, the United States contained around _____ governmental units at all levels
a. ninety thousand b. twelve thousand c. fifty d. five hundred and thirty-five
When an individual firm in a competitive market increases its production, it is likely that the market price will fall
a. True b. False Indicate whether the statement is true or false
A depression is:
A. a particularly severe and protracted recession. B. the low point of economic activity prior to a recovery. C. the high point of economic activity prior to a downturn. D. a particularly strong and protracted expansion.
Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Stock$4,000Checking$1,500Car loan balance$10,000Car$15,000Which of the following actions would decrease Joan's money demand by $200?
A. Joan writes a $200 check for cash and holds the cash. B. Joan writes a check for $200 to purchase additional shares of stock. C. Joan sells $200 worth of stocks and puts the proceeds in her checking account. D. Joan gets a $200 cash advance on his credit card and puts the proceeds in her checking account.