This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the quantity theory of money, a 10 percent increase in the quantity of money ultimately ... (Read 87 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 29, 2018
According to the quantity theory of money, a 10 percent increase in the quantity of money ultimately leads to a 10 percent increase in
 
  A) real national income.
  B) real GDP.
  C) the price level.
  D) velocity.

Question 2

We observe that the equilibrium price of digital cameras has fallen and the equilibrium quantity of digital cameras has increased. Which of the following events could be responsible for this?
 
  A) Technological advances in digital camera production.
  B) Consumers' preferences changed in favor of digital cameras.
  C) The price of film cameras rose.
  D) Workers who make digital cameras received a pay raise.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asware1

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Beheh

  • Hero Member
  • *****
  • Posts: 520
Reply #2 on: Jun 29, 2018
Correct answers!


asware1

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

How would you rate your overall health?” The percent of adults answering “excellent” or ... How would you rate your overall health?” The percent of adults answering “excellent” or ...
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Percent of Selected Foods and Beverages Consumed in the United States Percent of Selected Foods and Beverages Consumed in the United States
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
Bronfenbrenner's bioecological theory Bronfenbrenner's bioecological theory
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library