The quantity theory of money assumes that velocity is approximately constant resulting in nominal GDP to be proportional to the money stock.
Answer the following statement true (T) or false (F)
True
Economics
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In the bond market, the bond demanders are the ________ and the bond suppliers are the ________
A) lenders; borrowers B) lenders; advancers C) borrowers; lenders D) borrowers; advancers
Economics
Which of the following is a fiscal policy tool used to stimulate the economy?
A. Increased imports. B. Reducing inefficient employment of resources. C. Increased government purchases. D. Lower interest rates.
Economics
The maximum number of machines you would use is
A. 4.
B. 5.
C. 6.
D. 7.
Economics
The short-run average total cost curve is generally assumed to be:
A. downward-sloping. B. U-shaped. C. upward-sloping. D. horizontal.
Economics