According to Keynesians, if the money supply is fixed and households expand their purchases of consumer goods, the velocity of money
a. remains unchanged but the price level falls
b. falls
c. rises
d. falls and the price level rises
e. remains unchanged but the price level rises
C
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A ________ strategy is when a player chooses a different strategy time after time
Fill in the blank(s) with correct word
The value of one more unit of a good or service is its marginal benefit
Indicate whether the statement is true or false
Determinants of the price elasticity of supply are:
A. availability of inputs, adjustment time. B. flexibility of the production process, whether the good is a luxury or a necessity. C. availability of inputs, whether the good is a luxury or a necessity. D. adjustment time, whether the good is a luxury or a necessity.
What does the ‘beta' of an asset measure?
A. How the nondiversifiable risk compares with diversifiable risk for an asset B. How the expected return compares with the diversifiable risk of a given asset C. How the expected return compares with the nondiversifiable risk of the market portfolio D. How the nondiversifiable risk of a given asset compares with that of the market portfolio