If money is neutral and velocity is stable, an increase in the money supply creates a proportional increase in
a. real output only.
b. nominal output only.
c. the price level only.
d. both the price level and nominal output.
d
Economics
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Industrial unions offer membership to all workers in a specific industry
Indicate whether the statement is true or false
Economics
The yield curve is the relationship between the:
a. Real interest rate and expected inflation rate. b. Domestic yield and foreign yield. c. Real yield (i.e., interest rate) and actual inflation. d. Nominal yield and time to maturity of a security. e. Nominal yield on corporate securities and the yield of government securities.
Economics