Which of the following is consistent with the idea that high money supply growth leads to high inflation?
a. the quantity theory and evidence from four hyperinflations during the 1920's
b. the quantity theory but not evidence from four hyperinflations during the 1920's
c. evidence from four hyperinflations during the 1920's but not the quantity theory
d. neither the quantity theory nor evidence from four hyperinflation during the 1920's
Ans: a. the quantity theory and evidence from four hyperinflations during the 1920's
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In an effort to stabilize the banking sector and keep banks lending, from October 2008 to September 2009, the Fed ________.
A. raised the amount of interest paid on reserves held at Fed banks B. raised reserve requirements C. declared a series of bank holidays to give banks a chance to recover from excessive withdrawals from customer accounts D. lowered the federal funds target rate
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What will be an ideal response?
The Tiny Tots Toy Company manufactures only sleds. In 2016 Tiny Tots manufactured 10,000 sleds, but sold only 8,000 sleds. In 2016 Tiny Tots' change in inventory was
A. -2,000 sleds. B. 1,000 sleds. C. 2,000 sleds. D. 3,000 sleds.
to the given data. At a world price of $2:
Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Q s is domestic quantity supplied and Q d is domestic quantity demanded.
A. Alpha will want to import 20 units of steel.
B. Beta will want to export 20 units of steel.
C. Alpha will want to export 20 units of steel.
D. neither country will want to import steel.