The money growth rate and the inflation rate
A) are negatively correlated.
B) are positively correlated, but the relationship is noisy.
C) are positively correlated, and the relationship is tight.
D) are uncorrelated.
C
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In a market economy, what specifies the terms of exchange, facilitating exchange between strangers?
A) contracts B) insurance C) patents D) accounting rules
Table 11-2 QTRTC89590910293 10110100 11112105 12115110 ? In Table 11-2, MC of the last unit produced at the profit-maximizing output is
A. $5. B. $7. C. $8. D. $10.
The classical theory of inflation
a. is also known as the quantity theory of money. b. was developed by some of the earliest economic thinkers. c. is used by most modern economists to explain the long-run determinants of the inflation rate. d. All of the above are correct.
For which of the following types of firms is the buying and selling of stocks and bonds not a primary function?
A. securities firms B. investment banks C. mutual fund companies D. thrifts