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Teacher resources and professional development across the curriculum
Teacher professional development and classroom resources across the curriculum
To discuss the relationship between the money supply and economic growth and inflation, and to illustrate some of the reason why choosing the correct monetary policy is so difficult.
Many economists today agree that major recessions of the twentieth century can be traced to:
the Fed's efforts to stem inflation by cutting the rate of growth of the money supply.NEXT QUESTION
Monetarists tend to believe that the principal factor affecting business fluctuations is:
variation in the quantity of money.NEXT QUESTION
Assume that Economy X produces only one product: natural gas. Now suppose that the current money in circulation is $10,000 and that nominal NNP for the period is $40,000. Based on these figures, what is the current velocity of money?
According to the classical view of the equation of exchange, which of the following two factors are constant?
velocity and output.NEXT QUESTION
The extent to which an increase in the money supply affects the price level depends MOST heavily on:
the current level of employment.NEXT QUESTION
The economic situation experienced by the country in the mid-1970s was different from that in preceding times mainly because:
we faced high employment coupled with high inflation.RESTART QUIZ