According to the quantity theory of money
A) a change in the money supply can lead only to a proportionate change in the price level.
B) the velocity of money is the least stable factor in monetary analysis.
C) the rate of inflation is not related to changes in the money supply.
D) price level changes can best be explained by Keynesian analysis.
A
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$1 received n years from now has a value today of
A) ($1 + i)/i. B) $1/(1 + i). C) ($1 + i /i. D) $1/(1 + i .
What would a leftward shift of the labor demand curve indicate?
a. Firms want to hire more workers than before at any given wage than before. b. Firms want to pay a higher wage than before at any given level of employment. c. Households want to supply fewer hours of work than before at any given wage rate. d. Firms want to hire fewer workers than before at any given wage rate. e. Households want to supply more hours of work than before at any given wage rate.
The transactions demand for money is related to money's job as a _________.
Fill in the blank(s) with the appropriate word(s).
Human capital is a type of social capital.
Answer the following statement true (T) or false (F)