The quantity theory of money says that changes in ____lead to equivalent changes in ____ but have no effect on ______?

Related Mcqs:

one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

A. quickly B. slowly C. very infrequently D. instantly...

The equilibrium inflation rate is determined by the intersection of _____ and _____?

A. demand, supply B. IS, LM C. AD, AS D. Labor demand, labor supply...

According to the classical economists, those who are not working ?

A. have chosen not to work at the market wage B. have given up looking for a job but would accept a job at the current wage if one were offered to them. C. are too productive to be hired at the current wage D. are unable to find a job at the current wage … According to the classical economists, those who are not working ?Read More...

In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?

A. the long-run aggregate demand curve is horizontal at the natural rate of inflation B. the long run aggregate demand curve is vertical at potential GDP C. the long run aggregate demand curve is vertical at potential GDP D. The long run supply curve is horizontal at the natural rate of inflation...

Expansionary fiscal policy in the classical model will cause aggregate demand to _______ potential output?

A. exceeds B. fall below C. fluctuate around D. remain equal to...