According to the quantity equation, the price level would change less than proportionately with a rise in the money supply if there were also
a. either a rise in output or a rise in velocity.
b. either a rise in output or a fall in velocity.
c. either a fall in output or a rise in velocity.
d. either a fall in output or a fall in velocity.
b
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In what context does the use of real exchange rates make the most sense?
a. For determining if one nation's real GDP has increased faster than another nation's real GDP. b. For determining if one nation's nominal GDP has increased faster than another nation's nominal GDP. c. For calculating whether to purchase foreign or domestic stocks and bonds. d. For determining changes in a nation's relative international competitiveness. e. For calculating the cost of buying foreign goods and services.
Assume that the demand schedule for product C is downsloping. If the price of C falls from $2.00 to $1.75:
a. The demand for C will rise b. A smaller quantity of C will be demanded c. The demand for C will fall d. A larger quantity of C will be demanded
In 2014, prescription drugs accounted for approximately ________ of total health care spending.
A. 25% B. 50% C. 10% D. 2.5%
Which of the following provides an example of command-and-control regulation?
A. ?Taxing producers based on the external costs created by their pollution, thus internalizing external costs. B. ? Requiring firms to reduce their pollution by 50 percent, thus allowing them to emit 50 percent of their historical emissions, and allowing them to freely buy and sell allowances. C. ?Requiring firms to use a particular type of pollution-control technology, such as smokestack scrubbers or catalytic converters. D. ?Subsidizing firms that exceed their pollution-control targets.?