Author Question: The quantity theory of money of the Classical economists says that a change in the money supply will ... (Read 106 times)

scienceeasy · **on:** Jun 30, 2018

The quantity theory of money of the Classical economists says that a change in the money supply will produce a:
a. proportional change in the price level.
b. greater than proportional change in the price level.
c. less than proportional change in the price level.
d. wide variation in the velocity of money.

Question 2

Susan Greenberg, who works in a typewriter factory, becomes unemployed because people start buying personal computers instead of typewriters. Susan can best be described as:
a. frictionally unemployed.
b. structurally unemployed.
c. cyclically unemployed.
d. not part of the labor force.
e. a discouraged worker.

Christopher · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

b

scienceeasy · **Reply #2 on:** Jun 30, 2018

Thank you

Christopher · **Reply #3 on:** Jun 30, 2018

No problemo

Author Question: The quantity theory of money of the Classical economists says that a change in the money supply will ... (Read 106 times)

scienceeasy

The quantity theory of money of the Classical economists says that a change in the money supply will ...

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Christopher

The quantity theory of money of the Classical economists says that a change in the money supply will ...

scienceeasy

The quantity theory of money of the Classical economists says that a change in the money supply will ...

Christopher

The quantity theory of money of the Classical economists says that a change in the money supply will ...