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 67 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?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

The Triangular Theory of Love The Triangular Theory of Love
A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ... A mere one-half percent of Americans owns over a quarter of the entire nation’s wealth. Very few ...
Students and Money Students and Money
Modern Cell Theory Modern Cell Theory
A Sociological Timeline of Major Figures in the Development of Sociological Theory, 1820–1960 A Sociological Timeline of Major Figures in the Development of Sociological Theory, 1820–1960
Cohesion–tension theory of water transport in vascular plants Cohesion–tension theory of water transport in vascular plants
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library