Given the strict quantity theory of money, if the quantity of money doubled, prices would
a. fall by half.
b. double.
c. remain constant.
d. increase somewhat but less than double.
B
Economics
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Give, and explain, an example of conflict between objectives in considering an investment proposal
What will be an ideal response?
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When leisure is a normal good, the income effect from a decrease in wages is evident in
a. a desire to consume more leisure. b. a desire to consume less leisure. c. an upward-sloping labor-supply curve. d. a shift in labor demand.
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