Author Question: The quantity theory of money asserts that an increase in the quantity of money leads to an equal ... (Read 194 times)

KimWrice · **on:** Jun 29, 2018

The quantity theory of money asserts that an increase in the quantity of money leads to an equal percentage increase in the price level in the long run.

Indicate whether the statement is true or false

Question 2

The entry of China and other developing countries into the global economy ________ the value of marginal product of factory workers in the United States and ________ their wage rate.

A) increases; lowers
B) decreases; raises
C) decreases; lowers
D) increases; raises