The quantity theory of money assumes a constant ratio of ________
A) money demand to money supply B) money supply to nominal GDP
C) money supply to real GDP D) real GDP to nominal GDP
B
Economics
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Recessions occur because of
A) difficulties in coordinating economic affairs. B) shocks to technology. C) real adverse shocks to the economy. D) all of the above.
Economics
A simultaneous rise in aggregate demand and fall in short-run aggregate supply will definitely
A) raise the price level, but there is not enough information to know how Real GDP will change. B) lower Real GDP, but there is not enough information to know how the price level will change. C) raise the price level and Real GDP. D) raise Real GDP, but there is not enough information to know how the price level will change. E) raise the price level and lower Real GDP.
Economics