According to the quantity theory of money, if the money supply grows at 20 percent and real GDP grows at 5 percent, then the inflation rate will be

Spending constants & lowering taxes

What will be an ideal response?

For firms that sell one product in a perfectly competitive market, the market price is:

A. constant, regardless of quantity sold. B. equal to average revenue for a firm. C. equal to marginal revenue for a firm. D. All of these are true.