If the money supply grows faster than the rate of growth in GDP
A) prices fall.
B) interest rates fall.
C) prices rise.
D) none of these choices.
C
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The expression "terms of trade" refers to the:
A) rate at which a nation can trade its products for imported goods. B) credit terms that an exporter extends to an importer. C) period of time within which an importer can pay an exporter without incurring a finance charge. D) terms on which an importer borrows from his bank in order to finance his purchases.
Over the past seventy-five years, power within the Federal Reserve has shifted from
A) the Federal Reserve Banks to the Board of Governors in Washington. B) the Board of Governors to the Federal Reserve Bank of New York. C) domestic Federal Reserve banks to foreign Federal Reserve banks. D) the Federal Reserve Bank of New York to the Federal Reserve Bank of Dallas.