If money is neutral, then changes in the quantity of money
A: do not affect real output.
B: affect both nominal and real output.
C: do not affect nominal output.
D: affect neither nominal nor real output.
A: do not affect real output.
B: affect both nominal and real output.
C: do not affect nominal output.
D: affect neither nominal nor real output.
举一反三
- According to the assumptions of the quantity theory of money, if the money supply decreases by 7 percent, then A: nominal and real GDP would fall by 7 percent. B: nominal GDP would fall by 7 percent; real GDP would be unchanged. C: nominal GDP would be unchanged; real GDP would fall by 7 percent. D: neither nominal GDP nor real GDP would change.
- The DD schedule shows_______. ( ) A: interest rate and output pairs for which aggregate demand equals aggregate output. B: exchange rate and output pairs for which aggregate demand equals aggregate output.2 C: interest rate and output pairs for which aggregate supply equals aggregate output. D: exchange rate and output pairs for which aggregate demand is greater than aggregate output.
- The bad money in the law of bad money expelling good money refers to ( ). A: A money whose nominal value is higher than its real value B: A money whose nominal value is lower than their real value C: Money with no nominal value D: Money with no real value
- The production function is the A: increase in the amount of output from an additional unit of labor. B: marginal product of an input times the price of output. C: relationship between the quantity of inputs and output. D: shift in labor demand caused by a change in the price of output.
- The quantity of real money balances demanded depends on the ____ A: nominal interest rate. B: rate of inflation. C: nominal money supply. D: price level.