According to the quantity theory of money, the growth rate of which of the following is zero?
A) money supply
B) velocity
C) real GDP
D) price level
B
You might also like to view...
An increase in the real interest rate will
A) most likely lower the reward to savings. B) most likely lower the cost of borrowing. C) most likely lower consumers' purchases of durable goods. D) cause consumers to spend more and save less.
Monopolistically competitive firms use product differentiation to increase the price elasticity of demand
a. True b. False
In general, what does a labor union feel about productivity changes that shift the MRP curve to the right?
a. threatened b. unhappy c. delighted d. nothing e. angry
When employment discrimination results from the personal prejudices of employers, economic theory suggests that
a. competitive forces will tend to reduce discrimination. b. the wages of employees who are discriminated against will rise. c. an employer who discriminates will have the same costs as those who do not discriminate. d. discrimination by an employer will reduce production costs since the employer can pay lower wages.