Solutions? D) point b; an increase in real GDP 32) In the short run, A) a decrea

Question

Solutions? D) point b; an increase in real GDP 32) In the short run, A) a decrease in the demand B) an increase in the demand C) a decrease in the quantity of money D) a decrease in bond prices which of the following actions lower the interest rate? for money for money 33) In the quantity theory of money, the quantity of money is assumed to A) not influence the velocity of circulation. B) rise during recessions. C) fall during recessions. D) be constant. 34) Which of the fo A) PM - VY lowing equations represents the equation of exchange? 35) If nominal GDP is $15 trillion, the price level is 120, and the quantity of money is $3 trillion. what is the velocity of circulation? A) 3 B) 5 C) 30 D) 25 A) exchange rate and the quantity of U.S. dollars demanded B) interest rate and the exchange rate 36) The law of demand in the foreign exchange market refers to th C) interest rate and the quantity of U.S. dollars demanded 37) With everything else the same, in the foreign exchange market which of the following increases the supply of U.S. dollars? I. a fall in the U.S. interest rate IL. a fall in interest rates in foreign countries III, a rise in expected future exchange rate A) I only B) I and II only D) U.S. price level and the exchange rate C) I and III only D) I, II, and III 38) When the U.S. exchange rate rises, foreign goods becomeand U.S. imports A) less expensive; increase

Explanation / Answer

32) an increase in the demand of money.

33) fall during recession

34)MV= PY

36) interest rate and exchange rate.

37) C

38)more expensive; decreases.

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