Causality (what causes what) is clear and mechanical with the quantity theory of money. If M increases, with
a. V and Q being variable, the price level, P, increases
b. V and Q being variable, the price level, P, decreases
c. V and Q being constant, the price level, P, increases
d. V and Q being constant, the price level, P, decreases
e. P and Q being constant, velocity, V, increases
C
Economics
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When private expenditures decrease as a result of increased government spending, this is known as
A) the multiplier effect. B) the stabilizer effect. C) government deficit spending. D) the crowding out effect.
Economics
Which of the following is NOT a component of value added of a firm?
A) profits B) wages C) interest D) expenditures on intermediate goods
Economics