If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 units, then according to the averaging equation, the value of price elasticity of demand in absolute terms is

Possible ways for the Fed to increase the money supply include ________ the rediscount rate and ________ reserve requirements

A) lowering, lowering B) lowering, raising C) raising, lowering D) raising, raising

The equation specifying the relationship between the money supply and the price level is

a. P = MV/Q b. P = MQ/V c. P = MV/M d. P = Q/MV e. P = Q/(M + V)