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Author Question: According to the quantity theory of money, changes in the price level are the result of changes in ... (Read 58 times)

luminitza

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on: Jun 29, 2018
According to the quantity theory of money, changes in the price level are the result of changes in the
 
  A) prime interest rate.
  B) real interest rate.
  C) quantity of money.
  D) velocity of circulation.

Question 2

The figure above shows Ilene's budget line. If her dog, Muffin, runs away and she adopts another cat, named Sphynx, the budget line shown in the figure will
 
  A) become flatter.
  B) become steeper.
  C) shift outward (because cats eat less).
  D) not move.


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flannelavenger

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

C

Answer to Question 2

D


luminitza

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
Excellent

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