The classical economists believed that if the quantity of money doubled
A) output would double.
B) prices would fall.
C) prices would double.
D) prices would remain constant.
C
Economics
You might also like to view...
Many economists believe that a nationalized firm tends to be inefficient because
a. it sets P = MC b. it makes economic profits c. tax revenues cannot be used to subsidize the firm d. managers have strong incentives to excel e. the government cannot go bankrupt
Economics
Define discrimination. Why does discrimination occur and what evidence exists that it does occur?
Economics