This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The quantity theory asserts that real GDP is A) not influenced by the quantity of money. B) ... (Read 114 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
The quantity theory asserts that real GDP is
 
  A) not influenced by the quantity of money.
  B) never different from potential GDP.
  C) equal to nominal GDP multiplied by the quantity of money.
  D) equal to nominal GDP divided by the quantity of money.

Question 2

Suppose Hank spends his entire budget buying 2 bagels and 3 cups of coffee each day. Also, suppose the marginal utility of the second bagel is 100 and the marginal utility of the third cup of coffee is 200.
 
  Which of the following statements is TRUE? A) Hank is not maximizing his utility.
  B) Hank will be maximizing his utility as long as the price of a cup of coffee is twice the price of a bagel.
  C) Hank might be maximizing utility only if the price of a cup of coffee is less than the price of a bagel.
  D) Hank is not maximizing utility because he is not buying equal amounts of each good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


elizabeth18

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Gracias!

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

The Real Reason Why They Repeat the Same 20 Songs on the Radio & TV Nationwide The Real Reason Why They Repeat the Same 20 Songs on the Radio & TV Nationwide
Explaining “Moving Continents”— The Theory of Plate Tectonics Explaining “Moving Continents”— The Theory of Plate Tectonics
The Triangular Theory of Love The Triangular Theory of Love
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
How to use the discriminant to determine the value of k in a quadratic with no real roots How to use the discriminant to determine the value of k in a quadratic with no real roots
Theory of Plate Tectonics Theory of Plate Tectonics
Video: Polysaccharides

For a complete list of videos, visit our video library