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Author Question: If V is constant and Y is fixed, any change in M A) leads to a smaller change in P. B) leads to a ... (Read 106 times)

jerry coleman

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on: Jun 30, 2018
If V is constant and Y is fixed, any change in M
 
  A) leads to a smaller change in P. B) leads to a proportionate change in P.
  C) leads to a larger change in P. D) does not lead to change in P.

Question 2

Suppose that real GDP starts at 100 and grows at a rate of 10 percent per year for two years. In the third year real GDP would be
 
  A) 110. B) 110.1. C) 120. D) 121.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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juwms

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


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