The evidence from hyperinflations indicates that money growth and inflation
a. are positively related, which is consistent with the quantity theory of money.
b. are positively related, which is not consistent with the quantity theory of money.
c. are not related in a discernible fashion, which is consistent with the quantity theory of money.
d. are not related in a discernible fashion, which is not consistent with the quantity theory of money.
a
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The largest category of commercial banks' assets is
A) securities. B) reserves. C) currency. D) checkable deposits. E) loans.
In the United States in 2011, there were 104 fatalities per 100,000 workers in the logging industry. This is the second-highest rate after the fisheries industry
Everything else equal, would you expect workers in the logging industry to be paid higher wages than workers with similar levels of education in other industries? Explain.
When an economist points out that you and millions of other people are interdependent, he or she is referring to the fact that we all
a. rely upon the government to provide us with the basic necessities of life. b. rely upon one another for the goods and services we consume. c. have similar tastes and abilities. d. are concerned about one another's well-being.
The costs borne by an individual victim of theft can diverge from the social costs if the
A. stolen items were destroyed by the thief. B. stolen items were priceless. C. stolen items were recovered for the victim by the police. D. all of the options are correct.