According to the quantity theory of money, a 10-percent increase in the money stock would lead to a 10-percent rise in the
a. the money wage and the price level.
b. level of real GNP.
c. level of nominal GNP.
d. the money wage and the price level, but the price level rises by more
e. Both a and c
E
You might also like to view...
The above table presents data for the nation of Economica
a. What is the aggregate planned expenditure and unplanned inventory change at each level of real GDP? b. At what level of real GDP is equilibrium expenditure achieved?
Which of the following markets is likely to be perfectly competitive?
A) The market for patented nuclear medicines B) The market for wheat C) The market for smart phones D) The market for shower gel
The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for Nick to obtain and sell an MP3 player is $12. If he receives 60% of the MP3 sales revenue, then
A) Nick will sell 38 MP3 players. B) Nick will sell 50 MP3 players. C) Nick will receive $270 as profit. D) total profit is $342.
Appreciation of the dollar means that now it takes more dollars to buy one unit of foreign currency
a. True b. False Indicate whether the statement is true or false