This topic contains a solution. Click here to go to the answer

Author Question: According to the quantity theory of money, a 10 percent increase in the quantity of money ultimately ... (Read 177 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

asware1

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

C

Answer to Question 2

A





 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

For a complete list of videos, visit our video library