High income economies, with only about one-sixth of the world's population, produced more than one-third the world's output

If the quantity theory of money holds, then in an economy,

A) inflation = growth rate of money supply - growth rate of real GDP. B) inflation = growth rate of money supply + growth rate of real GDP. C) inflation = growth rate of money supply - growth rate of nominal GDP. D) inflation = growth rate of money supply + growth rate of nominal GDP.

Suppose people decide to buy fewer GE stoves. If General Electric reduces the number of its employees to reduce its costs but no other stove company does so, which type of unemployment results?

A) cyclical B) marginal C) structural D) frictional E) discouraged