The quantity theory of money predicts how changes in
A) the price level affect nominal GDP.
B) the price level affect real GDP.
C) the quantity of money affect the price level.
D) real GDP affect the nominal GDP.
C
Economics
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Between 1860 and 1910, the labor force in agriculture
(a) dwindled to historic lows. (b) decreased at a slow steady pace. (c) increased but not at the same rate as the total labor force. (d) stayed the same.
Economics
The equity capital of a privately owned firm includes:
a. the owner's own dollars put into the firm. b. the cost of raw materials. c. the cost of labor resource used in production. d. economic rent only. e. the value added at each stage of production.
Economics