According to the quantity theory of money, if the money supply grows at 25% and the inflation rate is 20%, the growth in real GDP is
A) 0.8%.
B) 1.25%.
C) 5%.
D) 45%.
C
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Suppose Larry's Lariats produces lassos in a factory, and uses nine feet of rope to make each lasso. The rope is put into a machine that automatically cuts it to the right length, then seals the ends to prevent fraying. The rope is then hand tied, dipped, and wound before being placed in a packaging machine to prepare it for retail sale. Which of the following would be considered a variable cost for this company?
A. The cost of the factory B. Employee wages C. The rope-cutting machine D. All of these expenses would be included in variable costs.
All economies in the world have consistently run trade deficits in recent years.
Select whether the statement is true or false. A. True B. False
Price leadership is not ______ collusion but ______ collusion.
a. tacit; outright b. predatory; vertical c. outright; tacit d. competitive; tying
the Federal Reserve System
What will be an ideal response?