If M is $400, P is $4, and Q is 300, then V must be:

In the long run, when an economy experiences inflation, the price level ________ and the nominal interest rate ________

A) rises; falls B) rises; rises C) rises; remains constant D) remains constant; rises E) falls; rises

A country which has a higher ratio of capital to other factors of production than does the rest of the world is

A. relatively capital-scarce. B. said to have a low capital-output ratio. C. operating at a point inside its production-possibility curve. D. relatively capital-abundant.