According to the quantity theory of money, a 15 percent increase in the quantity of money creates a 15 percent rise in

A) the price level.
B) the velocity of circulation.
C) real GDP.
D) the unemployment rate.

A

Economics

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Refer to Figure 8.1. Holding other variables constant, an improvement in technology will result in a

A) shift from curve D1 to curve D2. B) shift from curve D2 to curve D1. C) movement from point A to point B. D) movement from point B to point A.

Economics

The union participation rate in the United States is

a. lowest among service workers in the private sector b. highest among service workers in the private sector c. lowest among service workers in the public sector d. highest in heavy industry e. highest in high-technology industries

Economics