Suppose that M is fixed but that P falls. According to the quantity equation which of the following could both by themselves explain the decrease in P?
a. Y rose, V rose
b. Y fell, V fell
c. Y rose, V fell
d. Y fell, V rose
c
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Refer to the diagram above, which represents a country's supply and demand for an internationally traded good
If PW is the world price, and a foreign country engages in dumping by selling at P1, the country's producer surplus will ________ by ________. A) increase; abcd B) decrease; abcd C) increase; bcd D) decrease; a
The cost of capital is a combination of a firm's payments to the different sources of capital funding is called
A) the weighted average cost of capital. B) the average cost of capital. C) the discount rate. D) the transfer price.
Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits a dominant firm from doing all of the following except which one?
A) charging an unfair price B) price fixing C) making tying contracts or exclusive deals D) buying at a price that is unfairly low
The purpose of a production possibilities graph is to:
a) enable a country to mobilize to win a war b) keep an economy from having nonproductive workers c) show alternative ways to use an economy's resources d) make it possible to increase an economy's output