In the quantity theory of money:
a. the price level is a function of the supply of money.
b. the supply of money is a function of the price level.
c. the money supply and the price level are inversely related.
d. the money supply is controlled by the government.
a
Economics
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For a perfect first-degree price discriminator, incremental revenue is
A) greater than price if the demand curve is downward sloping. B) the same as the marginal revenue curve if the firm is a non-discriminating monopolist. C) equal to the price paid for each unit of output. D) less than the marginal revenue for a non-discriminating monopolist.
Economics
The consumption of goods and services has both a money price and a time price
a. True b. False
Economics