Author Question: According to the quantity theory of money, a 25 percent change in M, the quantity of money, leads to ... (Read 185 times)

RYAN BANYAN · **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.