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Author Question: In the equation of exchange, an increase in M of 8 percent could be accompanied by changes in ... (Read 34 times)

strangeaffliction

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on: Jun 30, 2018
In the equation of exchange, an increase in M of 8 percent could be accompanied by changes in velocity, the price level and real GDP of:
 a. -2, 3, 3.
  b. 4, 0, 4.
  c. 2, 8, 8.
  d. 8, 8, 4.

Question 2

If the government wanted a tax to not burden consumers much, it would want to tax an industry with:
 a. elastic supply and demand curves.
  b. inelastic supply and demand curves.
  c. inelastic supply and elastic demand.
  d. elastic supply and inelastic demand.


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chreslie

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


strangeaffliction

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  • Posts: 660
Reply 2 on: Jun 30, 2018
Excellent

Animal_Goddess

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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