This topic contains a solution. Click here to go to the answer

Author Question: According to the quantity theory of money, if an economy produces 100 units of output and has a ... (Read 125 times)

bobthebuilder

  • Hero Member
  • *****
  • Posts: 567
According to the quantity theory of money, if an economy produces 100 units of output and has a money supply equal to 500, then if the money supply doubles while velocity remains constant, the new price level will:
 a. fall to half its initial level.
  b. fall, but it will not fall all the way to half its initial level.
  c. increase, but it will not double.
  d. double.
  e. more than double.

Question 2

Cyclical unemployment is caused by:
 a. shifts in the structure of the economy.
  b. seasonal layoffs.
  c. declines in actual output below its full-employment level.
  d. the absence of job skills among the unemployed.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

d

Answer to Question 2

c




bobthebuilder

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library