Macroeconomics 4
Authored by Quân Minh
Business
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which definition of the Quantity Theory of Money is true?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In 2022, an economy records: $650 billion in transactions
Money supply = $130 billion
The average dollar is used in five transactions in 2022
So, velocity=?
5
0.2
84500
130
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
If we use nominal GDP as a proxy for total transactions. Then,
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a person purchasing a car, then what functions of money included?
Medium of exchange
Store of value + Unit of account
Medium of exchange + Unit of account
Medium of exchange + Store of value + Unit of account
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The Quantity Theory predicts a (a) relation between changes in the money growth rate and changes in the inflation rate.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
a change in M causes P to change by the same percentage (to keep the left-hand side of the equation to be constant in order to hold the equation).
a change in P causes M to change by the same percentage (to keep the left-hand side of the equation to be constant in order to hold the equation).
a change in M causes L to change by the same percentage (to keep the left-hand side of the equation to be constant in order to hold the equation).
7.
FILL IN THE BLANK QUESTION
45 sec • 1 pt
The nominal interest rate is the (a) of holding money
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