According to the simple quantity theory of money in the AD-AS framework, when the money supply decreases, the result is __________ in Real GDP and __________ in the price level
A) no change; no change
B) a rise; no change
C) no change; a rise
D) a rise; a fall
E) no change; a fall
E
Economics
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Using the information in Table 6.2, the percent increase in prices over the two year period from 2014 to 2016 is approximately
A) 26 percent. B) 31 percent. C) 38 percent. D) 98 percent.
Economics
Which of the following is NOT an official reserve asset for the United States?
A) Monetary gold B) British pounds C) SDRs from the IMF D) Mexican pesos
Economics