If the equation of exchange holds, and if the velocity of money and total output are fixed, then, if the money supply doubles,
A) the price level will increase by half.
B) the price level will decrease by half.
C) the price level will double.
D) the price level will decrease by 25 percent.
C
Economics
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The government can facilitate the transfer of unskilled workers to high-skilled jobs by
A) increasing tariffs to speed the development of jobs requiring skilled labor. B) laying off skilled workers to provide jobs for unskilled workers. C) providing assistance for education and training for unskilled workers. D) increasing tariffs to help unskilled workers.
Economics
If the correlation between GDP and y is 0.55, we say y is
A) procyclical. B) acyclical. C) countercyclical. D) tricyclical.
Economics