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Author Question: In the quantity theory of money, which of these variables is endogenous? A) the price level B) ... (Read 52 times)

audragclark

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on: Jun 30, 2018
In the quantity theory of money, which of these variables is endogenous?
 
  A) the price level
  B) the velocity of money
  C) real output
  D) the money supply
  E) none of the above

Question 2

From the equation of exchange, if both real income (Y) and the quantity of money (M) double and the price level (P) remains constant, then velocity (V) ________ and nominal income ________.
 
  A) remains constant; doubles
  B) doubles; remains constant
  C) doubles; doubles
  D) decreases by 50 percent; quadruples
  E) none of the above


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batool

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

A

Answer to Question 2

A


audragclark

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Reply 2 on: Jun 30, 2018
Excellent

alvinum

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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