Albro Martin and the text contend that the work of the Interstate Commerce Commission was largely for the benefit of _________

In a demand-pull inflation, if the Fed stops expanding the quantity of money,

A) a cost-push inflation will occur. B) government expenditure will cause the demand-pull inflation to continue. C) a deflation will occur. D) the demand-pull inflation ends. E) None of the above answers is correct.

If Y and V are constant and M doubles, the quantity equation implies that the price level

a. more than doubles. b. changes but less than doubles. c. doubles. d. does not change