According to the quantity theory of money, money growth and inflation are
A) positively correlated.
B) negatively correlated.
C) independent, that is, not correlated.
D) positively correlated if the inflation rate is positive and negatively correlated if the inflation rate is negative.
A
Economics
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If a production process creates pollution, a competitive market produces excessive pollution because
A) private marginal cost of pollution exceeds its social marginal cost. B) social marginal cost of pollution exceeds its private marginal cost. C) the marginal benefit of pollution to the firm is zero. D) zero pollution is optimal.
Economics
Monopolies may earn zero economic profit because of
a. zero marginal cost b. barriers to entry c. patents and copyright laws d. economies of scale e. government price regulation
Economics