The hypothesis that changes in the money supply lead to an equiproportional change in the price level is called
A) the quantity theory of money.
B) the classical theory of money.
C) the Keynesian theory of money.
D) the fractional theory of money.
A
Economics
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Economies of scale throughout the range of market demand give natural monopolies
a. downward-sloping long-run average cost curves b. upward-sloping long-run average total cost curves c. upward-sloping long-run average cost curves d. upward-sloping short-run average total cost curves e. horizontal long-run average cost curves
Economics
For the most part, fiscal policy affects the economy in the short run while monetary policy primarily matters in the long run
a. True b. False Indicate whether the statement is true or false
Economics