If the velocity of money is constant, then a 2% increase in the money supply
A) must be the result of a 2% increase in the price level.
B) would change nominal GDP by a smaller percentage.
C) would change nominal GDP by an equal percentage.
D) would change nominal GDP by a larger percentage.
Answer: C) would change nominal GDP by an equal percentage.
Economics
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?The likelihood ratio statistic is nonnegative.
Answer the following statement true (T) or false (F)
Economics
Public goods are unlikely to be provided by the private sector because
A. the exclusion principle does not apply to public goods. B. the production of the good creates negative externalities. C. no one can be excluded from the consumption of the good. D. the consumption of the good creates negative externalities.
Economics