Multiple Choice
If a change in MV in the quantity equation leads to a change in P but no change in Y, then
A) the AD curve is vertical.
B) the AS curve is vertical.
C) the AS curve is horizontal.
D) the AD curve is horizontal.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q131: Real business cycle theory explains cyclical fluctuations
Q132: According to non- Monetarist views of inflation,
Q133: If planned spending is less than output,
Q134: In the long run, if input prices
Q135: Income increased by £1,000 and imports increased
Q137: In the long run, the marginal propensity
Q138: If percentage changes in investment are much
Q139: If the economy is operating at or
Q140: Rational expectations theory suggests there should be
Q141: Which of the following would not shift