If the simple spending multiplier is 8, the marginal propensity to consume is _____

According to the quantity theory of money, inflation is caused by

A) the money supply growing faster than real GDP. B) GDP growing at the same rate as the money supply. C) the money supply growing slower than real GDP. D) GDP growing faster than the money supply.

Which of the following is an accurate statement about monopolistic competition?

a. Competing firms often conduct retaliatory moves. b. Firms often act independently. c. Markets often have few competing firms. d. Firms often significantly influence the policy of competing firms.