Currency outside of banks increases from $100 million to $200 million. This change is considered

If real GDP grows by 3 percent, the velocity of circulation grows by -4 percent, and the quantity of money grows by 3 percent, then in the long run the inflation rate is

A) 1 percent. B) -1 percent. C) 4 percent. D) -4 percent. E) 10 percent.

"I'm tired of eating muffins for breakfast. Today, I'm trying a bagel." These statements most clearly reflect the:

a. law of increasing returns to scale. b. second law of demand. c. law of diminishing marginal utility. d. law of comparative advantage.