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 128 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
Gracias!


Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library