Inflation is defined as the sustained increase in relative prices

Leontief suggested that his results were not a paradox once we account for differences in:

a. resource endowments. b. capital stocks. c. labor forces. d. resource productivities.

An example of Friedman's k-percent rule is

A) "do not change the growth rate of the quantity of money." B) "every time GDP decreases, decrease the growth rate of the quantity of money." C) "set the growth rate of the quantity money equal to the unemployment rate." D) "every time GDP decreases, increase the growth rate of the quantity of money." E) "use all information available to determine the growth rate of the quantity of money each time GDP changes."