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Author Question: The quantity theory of money of the Classical economists says that a change in the money supply will ... (Read 55 times)

scienceeasy

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on: Jun 30, 2018
The quantity theory of money of the Classical economists says that a change in the money supply will produce a:
 a. proportional change in the price level.
  b. greater than proportional change in the price level.
  c. less than proportional change in the price level.
  d. wide variation in the velocity of money.

Question 2

Susan Greenberg, who works in a typewriter factory, becomes unemployed because people start buying personal computers instead of typewriters. Susan can best be described as:
 a. frictionally unemployed.
  b. structurally unemployed.
  c. cyclically unemployed.
  d. not part of the labor force.
  e. a discouraged worker.


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Christopher

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

a

Answer to Question 2

b


scienceeasy

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Reply #2 on: Jun 30, 2018
Thank you


Christopher

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Reply #3 on: Jun 30, 2018
No problemo


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