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.
Answers: 3
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Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?
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Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
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According to the assumptions of the quantity theory of money, "if the money supply decreases by 7 pe...
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