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

Author Question: In the quantity theory of money, which of these variables is endogenous? A) the price level B) ... (Read 55 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

batool

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


audragclark

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Nuclear division at the DNA level Nuclear division at the DNA level
Does this child have legs of different lengths or scoliosis? Look at the level of the iliac crests a Does this child have legs of different lengths or scoliosis? Look at the level of the iliac crests a
Descartes’ Theory Descartes’ Theory
Sea Level during the Last Glaciation Sea Level during the Last Glaciation
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
Surface Fronts and Upper-Level Patterns: Cold Fronts and the Formation of Upper-Level Troughs Surface Fronts and Upper-Level Patterns: Cold Fronts and the Formation of Upper-Level Troughs
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library