The quantity theory of money implies that if output and velocity are constant, then a 50 percent increase in the money supply would lead to less than a 50 percent increase in the price level
a. True
b. False
Indicate whether the statement is true or false
False
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Output per employed worker is called:
A. output per person. B. average labor productivity. C. average standard of living. D. total output.
If the U.S. government imposed a tariff on imported steel, it would be expected that
A. the quantity of steel used in the United States would decrease. B. the quantity of steel imported would be reduced. C. the price of steel would rise. D. All of the choices are true.
When the Fed buys United States bonds,
A. excess reserves in commercial banks are increased immediately. B. the banking system will decrease the number of loans that are made. C. total bank reserves are decreased. D. the value of the money multiplier slowly declines to a new stationary level.
Impact investing is targeted toward:
A. those in the agricultural sector. B. social businesses. C. those who live on less than $1 a day. D. entrepreneurial ventures.