In the long run, what determines the value of money?
A) international trade
B) the government budget balance
C) money market equilibrium
D) real GDP
E) equilibrium in the loanable funds market
Correct Answer:
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Q98: Suppose nominal GDP is $2,000 a year
Q99: The quantity of money demanded is
A)the money
Q100: The velocity of circulation is equal to
A)the
Q101: Suppose that the price level does not
Q102: The--------------------the nominal interest rate, the--------------------is the quantity
Q104: Which statement most accurately describes the effect
Q105: As the economy enters a strong expansion
Q106: As the nominal interest rate increases, the
Q107: Advances in financial technology
A)affect only the supply
Q108: In the long-run, money market equilibrium determines
A)velocity.
B)the
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