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Author Question: According to the quantity theory of money, a 25 percent change in M, the quantity of money, leads to ... (Read 184 times)

RYAN BANYAN

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on: Jun 29, 2018
According to the quantity theory of money, a 25 percent change in M, the quantity of money, leads to a 25 percent change in
 
  A) V, the velocity of circulation.
  B) P, the price level.
  C) Y, real GDP.
  D) R, the interest rate.

Question 2

In the above figure, when the efficient quantity of gloves is produced, the total producer surplus is
 
  A) 3,000.
  B) 15,000.
  C) 22,500.
  D) 45,000.


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reversalruiz

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


RYAN BANYAN

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Reply 2 on: Jun 29, 2018
Wow, this really help

Joy Chen

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Reply 3 on: Yesterday
Gracias!

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