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Author Question: According to the quantity theory of money: a. the velocity of money is highly variable. b. the ... (Read 36 times)

jhjkgdfhk

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on: Jun 30, 2018
According to the quantity theory of money:
 a. the velocity of money is highly variable.
  b. the money supply directly affects real GDP.
  c. the money supply inversely affects velocity.
  d. real GDP increases as the price level increases.
  e. P = MV/Q.

Question 2

Which type of unemployment is experienced by a person who is laid off at an office because word processing equipment and software reduce the need for typists?
 a. Seasonal.
  b. Cyclical.
  c. Voluntary.
  d. Structural.
  e. Frictional.


smrtceo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


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