Given the strict quantity theory of money, if the quantity of money doubled, prices would:
A. fall by half.
B. double.
C. remain constant.
D. increase somewhat but less than double.
Answer: B
Economics
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Stuck in Cleveland You purchased a roundtrip ticket to a friend's wedding in Cleveland on Saturday for $400, but on Sunday you discover your return flight is canceled due to weather. The airline will not be able to get you back home until late Monday but Greyhound has an overnight bus route that arrives at 6:00am Monday for $60 . What is the opportunity cost of missing work on Monday?
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