Author Question: According to the quantity theory, inflation is ultimately controlled by a. private firms who set ... (Read 49 times)

BrownTown3 · **on:** Jun 30, 2018

According to the quantity theory, inflation is ultimately controlled by

a. private firms who set prices.
b. the monetary authorities who control the money supply.
c. those who control output.
d. the price of oil.

Question 2

Imports into the U.S. increased when

(a) deflation in the U.S. occurred.
(b) real wages and incomes rose in the U.S.
(c) the International Trade Commission was established.
(d) all of the above occurred.