The classical quantity theory of money is based on
A. exchange rate theory.
B. Say's law.
C. the equation of exchange.
D. Keynesian theory.
C. the equation of exchange.
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Refer to Figure 1-1. Using the information in the figure above, calculate the percentage change in sales of alcoholic beverages between 2012 and 2016
A) 30% B) 50% C) 66.7% D) 100%
The type of monetary policy that is used in Canada, New Zealand, and the United Kingdom is
A) monetary targeting. B) inflation targeting. C) targeting with an implicit nominal anchor. D) interest-rate targeting.
In economics, the demand for money is basically a demand for
A) bonds. B) status. C) liquidity. D) investment.
If Rick Nicotera maximizes his utility from a given income, the
a. marginal utility for every good he purchased would be the same b. marginal utility per dollar for all goods he purchased would be the same c. marginal utility per dollar for all goods he purchased would be at a maximum d. total expenditure he made on each good would be the same e. number of units of each good he consumes would be the same