Using the Cambridge equation, by how much does the demand for money rise at a constant real GDP of $2,000 billion when the price level rises by 10 percent from 1.00, given k = 0.25?

A) $200 billion
B) $20 billion
C) $550 billion
D) $50 billion

D

Economics

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________ predicts that real GDP per person can grow indefinitely

A) New growth theory B) Classical growth theory C) Profit growth theory D) Neoclassical growth theory

Economics

Sally would only agree to a second date with Andy if she sees him leave a generous tip for the waiter on their first dinner date. This is an example of a

a. Screening mechanism b. Signaling mechanism c. Way to waste money d. None of the above

Economics