The quantity theory of money concludes that if real output is constant:
A. changes in velocity are proportional to changes in nominal income.
B. changes in the price level are caused by changes in the money supply.
C. real GDP and the money supply are related in the long run.
D. changes in velocity are proportional to changes in the money supply.
Answer: B
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The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from additional Mt. Dews is
A) diminishing. B) increasing. C) constant. D) negative.
What is the expected revenue from developing the simplified software?
a. $4million b. $6million c. $8million d. $10million
In the very short run
a. new firms may enter the industry. b. existing firms may change the quantity they are supplying. c. price and quantity supplied is absolutely fixed. d. quantity supplied is absolutely fixed.
On June 2, 2010, Dow Chemical's 4.1 percent coupon bonds, with face values of $100, sold for $95 . This means that the yield on these bonds was
a. less than 4.1 percent. b. equal to 4.1 percent. c. equal to 95 percent of 4.1 percent. d. greater than 4.1 percent.