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

Economics

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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

Economics

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.

Economics

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.

Economics

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

Economics