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Author Question: According to the quantity theory of money, a 10 percent increase in the quantity of money ultimately ... (Read 172 times)

Beheh

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on: Jun 29, 2018
According to the quantity theory of money, a 10 percent increase in the quantity of money ultimately leads to a 10 percent increase in
 
  A) real national income.
  B) real GDP.
  C) the price level.
  D) velocity.

Question 2

We observe that the equilibrium price of digital cameras has fallen and the equilibrium quantity of digital cameras has increased. Which of the following events could be responsible for this?
 
  A) Technological advances in digital camera production.
  B) Consumers' preferences changed in favor of digital cameras.
  C) The price of film cameras rose.
  D) Workers who make digital cameras received a pay raise.


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asware1

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

C

Answer to Question 2

A


Beheh

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Reply #2 on: Jun 29, 2018
Correct answers!


asware1

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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