Author Question: The long run effects of money supply change A) ambiguous effect on the long-run values of the ... (Read 121 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
The long run effects of money supply change
 
  A) ambiguous effect on the long-run values of the interest rate or real output, a proportional change in the price level's long-run value in the opposite direction.
  B) proportional effect on the long-run values of the interest rate or real output, a proportional change in the price level's long-run value in the same direction.
  C) no effect on the long-run values of the interest rate or real output, a proportional change in the price level's long-run value in the same direction.
  D) no effect on the long-run values of the interest rate or real output, no change in the price level's long-run value.
  E) ambiguous effect on the long-run values of the interest rate or real output, A disproportional change in the price level's long-run value in the same direction.

Question 2

How would you define convergence?
 
  A) tendency for gaps between industrial countries' per-capital incomes to narrow
  B) tendency for gaps between all countries' per-capital incomes to narrow
  C) the theory that a crisis in a low-income country will spread to all countries, regardless of debt structure
  D) the theory that a crisis in a low-income country will spread to only those countries which had lent money to the original country
  E) tendency for the world distribution of income to be persistently unequal



ansleighelindsey

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

For a complete list of videos, visit our video library