Answer 3 percent 7 percent 10 percent 13 percent add

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is constant, what is the average inflation rate in this economy?Answer3 percent7 percent10 percent13 percentAdd Question HereMultiple Choice1 pointsQuestionThe income velocity of money increases and the money demand parameter k______ when people want to hold______ money.Answerincreases; moreincreases; lessdecreases; moredecreases; lessAdd Question HereMultiple Choice1 pointsQuestionThe quantity equation for money, by itself:Answermay be thought of as a definition for velocity.implies that the velocity of money is constant.implies that the price level is proportional to the money supply.implies that real gross domestic product (GDP) is proportional to the money supply.Add Question HereMultiple Choice1 pointsQuestionThe quantity theory of money assumes that:Answerincome is constant.velocity is constant.prices are constant.the money supply is constant.Add Question HereMultiple Choice1 pointsQuestionIf income velocity is assumed to be constant, but no other assumptions are made, the level of ______ is determined byM.Pool Canvasfolder (5)/CourseCompas...3 of 1912/8/2012 11:35 م
Answerpricesincometransactionsnominal GDPAdd Question HereMultiple Choice1 pointsQuestionIf velocity is constant and, in addition, the factors of production and the production function determine real GDP, then:Answerthe price level is proportional to the money supply.real GDP is proportional to the money supply.the price level is fixed.nominal GDP is fixed.Add Question HereMultiple Choice1 pointsQuestionIn the long run, according to the quantity theory of money and the classical macroeconomic theory, if velocity isconstant, then ______ determines real GDP and ______ determines nominal GDP.Answerthe productive capability of the economy; the money supplythe money supply; the productive capability of the economyvelocity; the money supplythe money supply; velocityAdd Question HereMultiple Choice1 pointsQuestionAccording to the quantity theory of money, ultimate control over the rate of inflation in the United States is exercised by:Answerthe Organization of Petroleum Exporting Countries (OPEC).the U.S. Treasury.the Fed.private citizens.Add Question HereMultiple Choice1 pointsQuestionAccording to the quantity theory of money, if money is growing at a 10 percent rate and real output is growing at a 3percent rate, but velocity is growing at increasingly faster rates over time as a result of financial innovation, the rate ofinflation must be:Answerincreasing.decreasing.7 percent.constant.Add Question HereMultiple Choice1 pointsQuestionIf the money supply increases 12 percent, velocity decreases 4 percent, and the price level increases 5 percent, thenthe change in real GDP must be ______ percent.Answer34911Add Question HereMultiple Choice1 pointsQuestionPercentage change in Pis approximately equal to the percentage change in:Pool Canvasfolder (5)/CourseCompas...

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