An example of Friedman's k-percent rule is
A) "do not change the growth rate of the quantity of money."
B) "every time GDP decreases, decrease the growth rate of the quantity of money."
C) "set the growth rate of the quantity money equal to the unemployment rate."
D) "every time GDP decreases, increase the growth rate of the quantity of money."
E) "use all information available to determine the growth rate of the quantity of money each time GDP changes."
A
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If the percentage change in price is 10 percent and the demand is elastic, then the percentage change in the quantity demanded
A) is greater than 0 percent but less than 10 percent. B) is larger than 10 percent. C) equals 0 percent. D) equals 10 percent. E) More information is needed to determine the magnitude of the change in the quantity demanded.
When box office receipts are not corrected for inflation, the most popular movie of all time is
a. Star Wars: The Force Awakens. b. Avatar. c. Gone With the Wind. d. The Dark Knight.