MONEY GROWTH AND INFLATION
Authored by Ngọc Nguyễn
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University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation can be measured by the
change in the consumer price index.
percentage change in the consumer price index.
percentage change in the price of a specific commodity.
change in the price of a specific commodity.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When prices are falling, economists say that there is
disinflation.
deflation.
a contraction.
an inverted inflation.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the quantity theory of money?
A theory that states the quantity of money in an economy determines the price level and inflation rate.
A theory that states the quantity of money in an economy has no impact on the price level.
A theory that states the quantity of money in an economy only affects interest rates.
A theory that states the quantity of money in an economy directly affects real GDP.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is credited with developing the quantity theory of money?
Adam Smith
John Maynard Keynes
David Ricardo
Irving Fisher
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the quantity theory of money, what is the relationship between the money supply and the price level?
Directly proportional
Inversely proportional
No relationship
Exponential relationship
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the velocity of money related to the quantity theory of money?
It is irrelevant in the quantity theory of money.
It is used to determine the inflation rate.
It is a key factor in determining the impact of changes in the money supply on the price level.
It is used to calculate real GDP.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the equation of exchange (MV = PQ) represent?
The quantity theory of money
The relationship between money supply, velocity of money, price level, and real GDP
The basis for monetary policy decisions
The relationship between money supply and inflation
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