The simple quantity theory of money assumes that
A) velocity and Real GDP are constant.
B) only velocity is constant.
C) only the money supply is constant.
D) only the price level is constant.
A
Economics
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The table above shows the total product schedule for Rick's Lawn Service, a yard care company. When the 4th worker is hired, the ________ product of labor equals ________ lawns mowed
A) average; 60 B) average; 3.75 C) marginal; 3.75 D) marginal; 0 E) marginal; 15
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During a time of an economic downturn, it is likely that projected tax revenues will be __________ than anticipated, and expenditures will be _______ than anticipated.
A. higher; higher B. lower; lower C. lower; higher D. higher; lower
Economics