If home prices are falling, consumers purchasing a home will find their purchasing power of money has increased. This benefit to consumers is called the

The classical economists' conclusion that nominal income is determined by movements in the money supply rested on their belief that ________ could be treated as ________ in the short run

A) velocity; constant B) velocity; variable C) money; constant D) money; variable

Refer to the information provided in Figure 4.3 below to answer the question(s) that follow. Figure 4.3Refer to Figure 4.3. A nonprice rationing system such as queuing must be used to ration the available supply of pencils if the government will not allow retailers to charge more than ________ for a pencil.

A. $0.40 B. $0.45 C. $0.50 D. $0.55