Empirical evidence shows that the quantity theory of money is a good theory of inflation
A) in the long run, but not in the short run.
B) in the short run, but not in the longrun.
C) in both the long run and the short run.
D) not in either the long run nor the short run.
A
Economics
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Bill and Krista sell potted plants from a roadside stand. The figure above shows Bill and Krista's marginal cost curve and the market price. If Bill and Krista sell 60 plants per week at $8 per plant, their producer surplus from all their plants is
A) $8. B) $480. C) $240. D) $0. E) More information is needed to answer the question.
Economics
Marginal propensity to save is equal to the change in ____ divided by the change in ____
a. consumption spending; total income b. saving; total income c. saving; disposable income d. consumption spending; disposable income
Economics