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Author Question: If the economy's real GDP is growing at 3 percent each year and velocity is constant, for the price ... (Read 39 times)

naturalchemist

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If the economy's real GDP is growing at 3 percent each year and velocity is constant, for the price level to increase:
 a. the money supply would have to grow at more than 3 percent per year.
  b. the money supply would have to grow at exactly 3 percent per year.
  c. the money supply would have to grow at less than 3 percent per year.
  d. the money supply would have to remain stable.

Question 2

Other things equal, advances in technology make resources more productive.
 a. True
  b. False
  Indicate whether the statement is true or false



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Viet Thy

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Answer to Question 1

a

Answer to Question 2

True




naturalchemist

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Reply 2 on: Jun 30, 2018
:D TYSM


smrtceo

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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