Total expenditure equals price times elasticity
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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There is evidence that the rate at which money changed hands rose during the German hyperinflation. This means that
a. velocity rose. If monetary neutrality holds the rise in velocity increased the ratio M/P. b. velocity rose. If monetary neutrality holds the rise in velocity decreased the ratio M/P. c. velocity fell. If monetary neutrality holds the fall in velocity increased the ratio M/P. d. velocity fell. If monetary neutrality holds the fall in velocity decreased the ratio M/P.
Economics
What is the effect of supply-side inflation on the short-run Phillips curve?
What will be an ideal response?
Economics