Income velocity is defined to be a nominal money

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8.Income velocity is defined to bea) nominal money balances divided by real incomeb) nominal income divided by real money balancesc) nominal income divided by nominal money balancesd) nominal money balances divided by nominal incomee) real income divided by nominal money balances
9.Price ceilings caused Suppressed Inflation during
310.AssumingAdaptive Expectationsor its modern generalization,AdaptiveLearning, a seigniorage targetabovethe peak of the Long-Run Monetary LafferCurve
11.According to the Natural Rate Hypothesis, when unemployment is on the horizontalaxis and inflation on the vertical axis, theShort RunPhillips curve is
12.According to the Natural Rate Hypothesis, when unemployment is on the horizontalaxis and inflation on the vertical axis, theLong RunPhillips curve isa) upward slopingb)downward slopingc)verticald) horizontale)U-shaped
13. Ifc, the public’s desired ratio of currency to checkable depositsincreases,whilef, thebanks’ desired ratio of reserves to deposits remainsconstant, the bank expansionmultiplier will
14.From 1955 to 2000, the Bank Expansion Multiplier (adjusted for Sweep Accounts)was typically in the range
415.From 1955 to 1995, the required reserve ratio fRgenerally
16,An open marketsaleof securities by the Fed will tend toa) increase yields on the bonds the Fed sells.b) decrease yields on the bonds the Fed sells.c) increase coupon rates on the bonds the Fed sells.d) decrease coupon rates on the bonds the Fed sells.e) have no effect on either yields or coupon rates.

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