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 66 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
Thanks for the timely response, appreciate it

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Explaining “Moving Continents”— The Theory of Plate Tectonics Explaining “Moving Continents”— The Theory of Plate Tectonics
The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ... How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ...
Activation Synthesis Theory of Dreams Activation Synthesis Theory of Dreams
The TaqMan approach to quantitative real-time PCR (qPCR) The TaqMan approach to quantitative real-time PCR (qPCR)
Video: Mechanisms of capillary exchange (transcytosis & bulk flow)

For a complete list of videos, visit our video library