This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The quantity theory asserts that real GDP is A) not influenced by the quantity of money. B) ... (Read 122 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
The quantity theory asserts that real GDP is
 
  A) not influenced by the quantity of money.
  B) never different from potential GDP.
  C) equal to nominal GDP multiplied by the quantity of money.
  D) equal to nominal GDP divided by the quantity of money.

Question 2

Suppose Hank spends his entire budget buying 2 bagels and 3 cups of coffee each day. Also, suppose the marginal utility of the second bagel is 100 and the marginal utility of the third cup of coffee is 200.
 
  Which of the following statements is TRUE? A) Hank is not maximizing his utility.
  B) Hank will be maximizing his utility as long as the price of a cup of coffee is twice the price of a bagel.
  C) Hank might be maximizing utility only if the price of a cup of coffee is less than the price of a bagel.
  D) Hank is not maximizing utility because he is not buying equal amounts of each good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


elizabeth18

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Wow, this really help

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Coral reefs are influenced by sea surface temperatures. Coral reefs are influenced by sea surface temperatures.
Some scientists believed that langur infanticide was influenced by human disturbance. Some scientists believed that langur infanticide was influenced by human disturbance.
Theory of Mind Theory of Mind
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Radiation Quantity and Quality Radiation Quantity and Quality
Psychodynamic Theory Psychodynamic Theory
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library