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Home Q & A Board Other Fields Homework Help Business Economics
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Hernando G. Hernando G.
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5 years ago

Question 1.

The quantity theory of money implies that a 7% increase in the ________ will eventually cause a 7% increase in the ________.



▸ money demand; inflation rate

▸ money demand; money supply

▸ money supply; price level

▸ money supply; money demand

Question 2.

If the equation for the ________ is looked on as a demand-for-money equation, then the demand for money depends on nominal income but not the interest rate.



▸ real business cycle theory

▸ quantity theory of money

▸ Keynesian income-expenditure model

▸ unanticipated inflation rate
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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yesimshayyesimshay
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Hernando G. Author
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5 years ago
Thanks
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