According to the quantity theory of money, if an economy produces 100 units of output and has a money supply equal to $500, then if the money supply doubles while velocity remains unchanged, the new price level will

Which of the following actions is not an example of the production coordination provided by firms?

A) Manage production activities of workers B) Pay wages to workers C) Establish industry safety regulations D) Set the production schedule for each week

A 10 percent increase in the cost of restaurant meals, which are a luxury, will most likely

a. increase the purchase of meals by 10 percent. b. increase the purchase of meals by less than 10 percent. c. decrease the purchase of meals by more than 10 percent. d. decrease the purchase of meals by less than 10 percent.