In the equation of exchange, velocity of money increases when
A. Y increases without any changes in P and M.
B. Y falls without any changes in P.
C. M increases without any changes in P and Y.
D. P falls without any changes in Y and M.
Answer: A
Economics
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When there is no Ricardo-Barro effect, a government budget surplus ________ the real interest rate because the ________ loanable funds increases
A) lowers; supply of B) lowers; demand for C) raises; supply of D) raises; demand for E) None of the above answers is correct because the real interest rate does not change.
Economics
According to Rosenberg (2004), the U.S. economy between the Civil War and World War II was relatively poor in which of its productive resources?
(a) Land (b) Labor (c) Capital (d) Entrepreneurial talent
Economics