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Author Question: The quantity theory of money asserts that inflation is the result of growth in A) the quantity of ... (Read 204 times)

penguins

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on: Jun 29, 2018
The quantity theory of money asserts that inflation is the result of growth in
 
  A) the quantity of money.
  B) potential GDP.
  C) the natural rate of unemployment.
  D) money wage rates.

Question 2

Consider the perfectly competitive firm in the above figure. At the profit maximizing level of output, the firm is
 
  A) incurring an economic loss equal to 119.00.
  B) incurring an economic loss equal to 123.50.
  C) incurring an economic loss equal to 187.00.
  D) making zero economic profit.


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xiaomengxian

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

A

Answer to Question 2

A


penguins

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Reply #2 on: Jun 29, 2018
Thank you :)


xiaomengxian

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Reply #3 on: Jun 29, 2018
Happy to help you


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