According to the quantity theory of money, if the money supply grows at 25% and the inflation rate is 20%, the growth in real GDP is
A) 0.8%.
B) 1.25%.
C) 5%.
D) 45%.
C
Economics
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How are the following transactions entered into the U.S. balance of payments?
(a) The U.S. government sends $2,000 worth of food aid to Africa. (b) A U.S. firm exports $10,000 worth of goods to the United Kingdom, payable in 3 months. (c) A U.S. tourist in Amsterdam spends $200 for food and hotels.
Economics
Which legal claim has a fixed annual coupon payment?
A) common stock B) preferred stock C) bond D) reinvestment
Economics