Author Question: In the equation of exchange, an increase in M of 8 percent could be accompanied by changes in ... (Read 66 times)

strangeaffliction · **on:** Jun 30, 2018

In the equation of exchange, an increase in M of 8 percent could be accompanied by changes in velocity, the price level and real GDP of:
a. -2, 3, 3.
b. 4, 0, 4.
c. 2, 8, 8.
d. 8, 8, 4.

Question 2

If the government wanted a tax to not burden consumers much, it would want to tax an industry with:
a. elastic supply and demand curves.
b. inelastic supply and demand curves.
c. inelastic supply and elastic demand.
d. elastic supply and inelastic demand.