The quantity theory of money assumed
A) that an increase in prices causes a proportionate increases in real GDP.
B) a fall in the velocity of money causes a proportionate increase in the money supply.
C) a rise in money supply causes a proportionate fall in velocity.
D) the fraction of income people desire to hold in the form of money is a constant.
D
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The difference between actual and natural unemployment rates is called ________ unemployment
A) turnover B) mismatch C) cyclical D) measured
Momentum investing can be described as
A) consistent with the efficient markets hypothesis. B) similar to mean reversion. C) follow the picks of investors who have been successful in the past. D) the trend is your friend.
In the IO perspective it is important to enter an industry with
a. Low supplier power b. Low threat from substitutes c. Low levels of rivalry between firms d. All of the above
A key to understanding the difference between TQM and reengineering is TQM's emphasis on:
A. the reorganization of inventory control. B. outsourcing. C. continuous improvement. D. one-time reengineering of production processes.