In the equation of exchange, an increase in M of 8 percent could ...

[strangeaffliction]

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.

[chreslie]

Answer to Question 1

a

Answer to Question 2

c

[strangeaffliction]

YES! Correct, THANKS for helping me on my review

[Dominic]

Thanks for the timely response, appreciate it