As of October 2012, the amount of money as measured by M2 was about
A) $880 billion.
B) $1700 billion.
C) $10.2 trillion.
D) $14 trillion.
C
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According to modern analysis, what is the link between the long-run growth rate of the money supply and inflation?
a. there is little correlation between money growth and inflation b. there is a positive link between money growth and inflation, contrary to the quantity theory of money c. there is a strong, positive link between rapid money growth and inflation d. there is an inverse relationship between rapid money growth and inflation
The quantity of real output supplied rises as the price level rises, ceteris paribus.
Answer the following statement true (T) or false (F)
The marginal revenue curve for a monopolistically competitive firm is ________ that of a perfectly competitive firm and ________ that of a monopolistic firm.
A. steeper than; flatter than B. flatter than; the same as C. the same as; steeper than D. flatter than; steeper than
Imperfectly competitive firms engage in nonprice competition.
Answer the following statement true (T) or false (F)