Author Question: According to the quantity theory, in the long run, an increase in the growth rate of ________ leads ... (Read 80 times)

future617RT · **on:** Jun 29, 2018

According to the quantity theory, in the long run, an increase in the growth rate of ________ leads to an increase in the ________.

A) real GDP; inflation rate
B) the quantity of money; growth rate of real GDP
C) the quantity of money; inflation rate
D) real GDP; growth rate of velocity

Question 2

In the figure above, in which country do the lowest-income 30 percent of households have the highest fraction of the nation's income?

A) Country A
B) Country B
C) Country C
D) It is impossible to answer the question without more information.