An increase in ________ decreases the quantity of money people want to hold. a. the price level b. real GDP c. the interest rate d. the quantity of money
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According to quantity theory of money, quantity of money is directly related to level of price and inversely related to level of interest rate.
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- During hyperinflations A. The value of money rises rapidly B. Money no longer functions as a good store of value and people may resort to better transactions on a much larger scale C. Middle class savers benefit as prices rise D. All of the above occurAssume GDP is currently $11,700 billion per year and the quantity of money is $650 billion. What is the velocity of money? The nation collectively holds enough money to finance how many days worth of GDP expenditureWhat is generally true of consumers in a recession? a. The rich suffer as the poor cut back on spending Ob. Everyone cuts back on spending, but only the low income consumer segments suffer. Everyone suffers and cuts back on spending c Od Many reallocate spending and buy less-on credit cards.
- If you deposit money in the bank for one year scenario 1: nominal interest rate = 10%, inflation rate = 0%  Scenario 2: normal interest rate = 25%, inflation rate = 15% In which scenario does the real value of the deposit grow the most? Explain.Suppose Singsville National Bank lends money to Ari at 1.5% interest. If inflation is 1%, calculate the real interest rate that Ari pays for the loan.Did Singsville National Bank lose or earn money in this exchange?Governments critically analyze the impact of increasing minimum wages. Increasing wages is a risky decision for an economy because this might cause ___________. a. Cost push b. Hyperinflation c. to bring low cost of production d. Built in inflation
- Is an increase in real interest rate always proportional to an increase in the growth rate of money supply (long run)?. Let real GDP growth-2.4% per year, money growth-5% per year, nominal interest rate 4.8% and velocity of money-constant. (a) Find the inflation rate, the real interest rate, and the cost of holding money.Only typed answer (a) A bank is offering 5-year certificates of deposit (CDs) with a 5% interest rate. The expected inflation rate is 3%. Calculate the expected real interest rate on the CD. (Show your work.
- If the price level doubled and someone wanted to maintain the same level of purchasing power, the nominal quantity of money demanded: A) must decrease. B) also must double. C) must increase by 50%. D) must stay the same.On a diagram, demonstrate the effects of (a) a fall in investment and (b) a fall in the money supply. What does the size of the fall in national income depend on?"Inflation tax" means that: Select one: a. as the price level rises, taxpayers are pushed into higher tax brackets. b. as the price level rises, the real value of money held by the public decreases. c. as taxes increase, the rate of inflation also increases. d. in a hyperinflation, the chief source of tax revenue is often the printing of money.