According to the quantity theory, inflation is ultimately ...

[BrownTown3]

According to the quantity theory, inflation is ultimately controlled by
 
  a. private firms who set prices.
  b. the monetary authorities who control the money supply.
  c. those who control output.
  d. the price of oil.

Question 2

Imports into the U.S. increased when
 
  (a) deflation in the U.S. occurred.
  (b) real wages and incomes rose in the U.S.
  (c) the International Trade Commission was established.
  (d) all of the above occurred.

[wergv]

Answer to Question 1

B

Answer to Question 2

(b)

[BrownTown3]

Excellent

[isabelt_18]

Thanks for the timely response, appreciate it