Multiple Choice
Suppose that the money stock is $10 billion, each dollar generates $ 5worth of spending, and the NAIRU is 7%. According to the quantity theory of what is nominal GDP (income)
A) $ 350 million
B) $ 70 million
C) $ 35 million
D) $ 50 million
Correct Answer:
Verified
Correct Answer:
Verified
Q2: If the aggregate supply curve is perfectly
Q3: what is the foundation of monetarism?<br>A)quantity theory
Q4: When there are vacancies in the job-market,
Q5: According to monetarists, money supply constitutes<br>A)currency+ demand
Q6: In the Keynesian range of the SRAS,
Q7: Why does a temporary decrease in government
Q8: According to the basic classical model, an
Q9: The purpose of Keynesian analysis is to
Q10: Which of the following is true with
Q11: Attempts to force inflation below no-accelerating inflation