Which of the following is assumed to be constant in the quantity theory of money?
a. The money supply
b. Real GDP
c. The price level
d. The velocity of money
e. Nominal GDP
d
You might also like to view...
A price index measures:
A. the average price of a given class of goods or services relative to the price of the same goods and services in a base year. B. the price of specific good or service. C. only the prices that change. D. the change in the price of a specific good or service.
In the above figure, if D2 is the original demand curve and the price of a substitute in consumption rises, which price and quantity might result?
A) point a, with price P2 and quantity Q2 B) point b, with price P1 and quantity Q1 C) point c, with price P3 and quantity Q3 D) point d, with price P1 and quantity Q3
In? 2017, the Bureau of Labor Statistics? (BLS) analyzed and revised its employment data for the period December 2007-December 2010. According to that? revision, the recession of 2007-2009
What will be an ideal response?
Describe the number of legal and unauthorized immigrants that have entered the United States annually since the year 2000. What has been the effect of this immigration on population and labor force growth in the United States?
What will be an ideal response?