According to the quantity theory of money, in the long run an increase in the quantity of money creates an increase in the price level but does not increase real GDP
Indicate whether the statement is true or false
TRUE
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Keynes advocated the use of taxation and government spending to influence the level of GDP in the short run
Indicate whether the statement is true or false
Firms that participate in regular open market transactions with the Federal Reserve are called
A) Treasury banks. B) Federal Reserve partners. C) primary dealers. D) secondary market banks.
When Twitter sells newly issued shares of stock this is an example of
A) indirect finance in a primary market. B) direct finance in a primary market. C) direct finance in a secondary market. D) indirect finance in a secondary market.
Historical note: Andrew Carnegie became an industrial mogul by consuming or buying out his competition in the _________ industry
a. oil b. steel c. rubber d. lumber e. land