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Author Question: In the above figure, the efficient quantity of milk is A) 10 million gallons per day. B) 5 ... (Read 52 times)

kfurse

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on: Jun 29, 2018
In the above figure, the efficient quantity of milk is
 
  A) 10 million gallons per day.
  B) 5 million gallons per day.
  C) zero gallons per day.
  D) None of the above because all of the quantities are efficient.

Question 2

The quantity theory of money is the idea that in the long run
 
  A) the quantity of money is determined by banks.
  B) the quantity of money serves as a good indicator of how well money functions as a store of value.
  C) the quantity of money determines real GDP.
  D) an increase in the growth rate of the quantity of money leads to an equal increase in the inflation rate.


Sweetkitty24130

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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