According to the crude quantity theory of money, if M rises by 8%, Q will
A. fall by 8%.
B. fall by less than 8%.
C. stay the same.
D. Rise by less than 4%.
C. stay the same.
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A) small; do not directly affect B) small; directly affect C) large; do not directly affect D) large; directly affect
If businesses spend an additional $150 billion for investment projects in 2010, what will be the impact on national income (Y) if the multiplier is 2?
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The total value added of the economy equals:
(a) Total profits; (b) Total wages; (c) Total value of all final transactions in the economy; (d) None of the above
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Please provide the best answer for the statement.