Unformatted text preview: bility and durability
Store of value, durability and medium of exchange
Store of value, divisibility and stability
Unit of account, medium of exchange and store of value
None of the above
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51 2. If Velocity (V) is constant, a rise in the price level (P) means that::
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: 18 51 65 43 Dow om : ID The money supply fell and the level of transactions stayed the same
The money supply rose and the level of transactions stayed the same
The money supply stayed the same and the level of transactions rose
The money supply fell and the level of transactions rose
none of the above
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e The Industrial Revolution
The rise of labour unions
The Great Depression
The Communist Manifesto
The emergence of industrial cartels and „Trusts‟ Do a.
e. r ID : 3. Which of the following comes last in chronological order: 65 st Te 43 to : 436 : Gold will flow in and domestic prices will fall
Gold will flow in and domestic prices will rise
Gold will flow out and domestic prices will rise
Gold will flow out and domestic prices will fall
Gold will flow both ways but foreign pries will rise
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51 5. Hume‟s “specie-flow” principle said that if a country always exports more goods
to other countries than it imports then:
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This note was uploaded on 01/09/2013 for the course RSM 100 taught by Professor Oesch during the Spring '08 term at University of Toronto.
- Spring '08