Suppose the quantity of money and real GDP do not change. If velocity increases, then the
A) price level will fall.
B) price level will rise.
C) inflation rate will fall.
D) real interest rate will fall.
E) real interest rate will rise.
B
Economics
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The most important thing about higher labor productivity is that it means
A) we can compete well with other nations. B) we are doing better than anyone else is. C) we can achieve a happier population. D) we can have a higher standard of living.
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At its maximum during the Great Depression unemployment reached approximately ___ percent of the labor force?
a. 15 b. 25 c. 50 d. 75
Economics