Author Question: If the nominal money supply rises by 6 percent, the price level rises by 4 percent, and output rises ... (Read 159 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
If the nominal money supply rises by 6 percent, the price level rises by 4 percent, and output rises by 3 percent, then according to the quantity theory equation, income velocity must rise by:
 
  a. 7 percent
  b. 13 percent
  c. 1 percent.
  d. 3 percent.

Question 2

By the late 1880s, the main difference between the American Federation of Labor (AFL) and the Knights of Labor was
 
  (a) the relatively low dues charged members by their AFL locals.
  (b) the broader membership base of AFL locals compared to the Knights.
  (c) the AFL's commitment to progressive politics.
  (d) the narrow membership qualifications of AFL locals compared to
  the Knights.



ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

B

Answer to Question 2

(d)



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

For a complete list of videos, visit our video library