According to the quantity theory of money, a 10 percent increase in the quantity of money ultimately leads to a 10 percent increase in
A) real national income.
B) real GDP.
C) the price level.
D) velocity.
C
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According to Ricardian equivalence, taxation and government borrowing have the same effect on spending in the private sector
a. True b. False Indicate whether the statement is true or false
A firm's labor demand curve shows the relationship between the
a. wage rate and the quantity of labor supplied b. marginal revenue product of labor and the marginal product of labor c. wage rate and the quantity of labor demanded d. marginal product of labor and the quantity of labor demanded e. wage rate and the quantity demanded of the good produced by labor
Which of the following acts required that financial derivatives be traded in established, regulated markets?
a. Glass-Steagall Banking Act b. Gramm-Leach-Bliley Financial Services Modernization Act c. Dodd-Frank Wall Street Reform and Consumer Protection Act d. Celler-Kefauver Financial Reform Act
Average variable costs:
A. decrease when output declines, and increase when output declines. B. increase when marginal product rises, and decrease when marginal product declines. C. decrease when marginal product rises, and increase when marginal product declines. D. increase when output declines, and decrease when output rises.