According to the quantity theory of money, a 25 percent change in ...

[RYAN BANYAN]

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.

[reversalruiz]

Answer to Question 1

B

Answer to Question 2

C

[RYAN BANYAN]

TYSM

[Dinolord]

Excellent