Multiple Choice
According to the equation of exchange, if the money supply rises by £50 million and the velocity of circulation is constant and greater than 1, nominal national income will rise by
A) >£50 million.
B) £0.
C) <£50 million.
D) £50 million.
Correct Answer:
Verified
Correct Answer:
Verified
Q63: In the UK the inflation target is
Q64: If total injections are less than total
Q65: Monetarist models assume that people's expectations of
Q66: What is meant by the following terms?<br>(a)
Q67: A movement leftward of the Phillips curve
Q69: Why do changes in investment expenditure tend
Q70: In equilibrium, aggregate expenditure equals GDP.<br>
Q71: Money illusion is the belief in rational
Q72: According to Keynesians, cyclical fluctuations in the
Q73: Phillips loops are likely to become 'taller'