According to the crude quantity theory of money, if M were to increase by 15%, what would happen to V, P, and Q?
What will be an ideal response?
V and Q would remain the same. P would rise 15%.
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Lincoln Electric paid employees on the basis of
A) deferred compensation. B) backloaded wages. C) a piece rate. D) forward loaded wages.
Consider the market for medical doctors. Suppose the opportunity cost of going to medical school increases for many individuals. Suppose it generally takes about ten years to become a practicing doctor. Holding all else constant, in ten years the equilibrium quantity of doctors will
a. increase. b. decrease. c. not change. d. It is not possible to determine what will happen to the equilibrium quantity.
Which of these is an example of a market failure?
A.) Too few doctors and hospitals in rural areas. B.) Too much pollution in urban areas. C.) Too many people living in poverty. D.) All of these are correct.
Name the problems government faces in directing and managing the economy
Please provide the best answer for the statement.