The "excess" growth rate of the money supply is the growth rate of money
A) plus the long-run growth rate of velocity.
B) minus the long-run growth rate of velocity.
C) plus the long-run growth rate of real GDP.
D) minus the long-run growth rate of real GDP.
D
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Refer to Figure 2-18. Which two arrows in the diagram depict the following transaction: Carter earns a $400 commission for selling men's designer shoes at Brooks Brothers
A) J and M B) J and G C) K and G D) K and M
Dollarization refers to:
a. increased trade with the United States, resulting in a glut of dollars circulating in the domestic economy b. the fall of the U.S. dollar. c. the dominance of the U.S. dollar in international finance. d. the adoption of any foreign currency as an official currency by nations outside the United States, such as El Salvador and Ecuador.
The primary deficit is equal to
A. the deficit plus net interest payments. B. total tax revenues minus net interest minus government expenditures. C. the amount by which government purchases, transfers, and net interest exceed tax revenues. D. the amount by which government purchases and transfers exceed tax revenues.
There are very few non-price means of undermining cartel agreements to restrict competition among members
a. True b. False Indicate whether the statement is true or false