The quantity theory assumes that
a. velocity is constant.
b. income is constant.
c. prices are constant.
d. transactions are constant.
A
Economics
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Which of the following would most likely cause the demand for veggie-burgers to increase?
a. A decline in the price of veggie-burgers b. An increase in the price of tofu-burgers, perceived as a substitute for veggie-burgers c. An increase in the price of burger buns d. A decline in the prices of some of the vegetables used for the burger
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.
Economics