According to the quantity theory of money:
A) when the gap between the growth rate of money supply and the growth rate of real GDP widens, inflation decreases.
B) when the gap between the growth rate of money supply and the growth rate of real GDP widens, inflation increases.
C) when the gap between the growth rate of money supply and the growth rate of real GDP widens, nominal interest rates decrease.
D) when the gap between the growth rate of money supply and the growth rate of real GDP widens, real interest rates increase.
B
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The buyers and sellers in a resource market are:
a. household and firms respectively. b. banks and farmers respectively. c. households and land owners respectively. d. firms and household respectively. e. exporters and importers respectively.
In the United States, which institution is primarily responsible for inspecting credit unions?
a. Federal Reserve b. Office of the Comptroller of the Currency c. National Credit Union Administration d. Federal Deposit Insurance Corporation