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Economics U$A: 21st Century Edition

Monetary Policy Quiz

Many economists today agree that major recessions of the twentieth century can be traced to:

Monetarists tend to believe that the principal factor affecting business fluctuations is:

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?

The extent to which an increase in the money supply affects the price level depends MOST heavily on:

The economic situation experienced by the country in the mid-1970s was different from that in preceding times mainly because:

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Economics U$A: 21st Century Edition