According to the quantity theory of money, in the long run, an increase in the quantity of money does not change real GDP but does raise the price level

Indicate whether the statement is true or false


TRUE

Economics

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President Obama's stimulus package in 2009 included

A) new tax cuts but no change in government spending. B) tax increases and decreases in government spending. C) increases in government spending but no change in taxes. D) new tax cuts and increases in government spending.

Economics

Depositors lack of information about the quality of bank assets can lead to

A) bank panics. B) bank booms. C) sequencing. D) asset transformation.

Economics

Automatic stabilizers do not include

a. taxes b. interest rates c. transfer payments d. forward-looking behavior e. enhancing the multiplier effect

Economics

When the cost curves have the usual shapes, at the point where marginal cost equals average total cost,

a. average total cost is at its maximum b. marginal cost is falling c. average total cost is at its minimum d. average variable cost is falling e. the fixed cost has been fully depreciated

Economics