The classical quantity theory of money states that
A. money is a medium of exchange necessary for the efficient functioning of the economy.
B. increases in the stock of money result in greater increases in the price level.
C. decreases in the stock of money increase the price level.
D. increases in the stock of money result in proportionate increases in the price level.
D. increases in the stock of money result in proportionate increases in the price level.
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All of the following are examples of nonpoint source pollution EXCEPT
a. urban runoff c. agricultural runoff b. sulfur emissions from power plants d. snowmelt from city streets
An open market sale by the Fed causes the value of the dollar to
A) fall, increasing net exports. B) rise, reducing net exports. C) fall, reducing net exports. D) rise, increasing net exports.
Unemployment rates ________________ over time.
a. increase b. fluctuate c. decrease d. stabilize
When the housing price bubble burst, there were some obvious effects on the economy, and some that were not so obvious. Explain these.
What will be an ideal response?