According to the quantity theory of money, nominal GDP will double if the money supply is
A. reduced threefold.
B. reduced by one-half.
C. tripled.
D. doubled.
Answer: D
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Both the principles of rivalry and mutual excludability apply for club goods
a. True b. False Indicate whether the statement is true or false
In a true market economy, how many people decide what will be produced?
a. a small handful of government officials b. one overall leader c. millions of consumers and producers d. a few thousand corporate managers
Which of the following is not an automatic stabilizer?
A. Personal income tax revenue. B. Corporate income tax revenue. C. Unemployment compensation benefits. D. Property tax revenue.
Which one of the following will cause a movement up along an economy's saving schedule?
A. An increase in household borrowing. B. An increase in disposable income. C. An increase in stock prices. D. An increase in interest rates.