question archive 1)If, in the long run, the velocity of money is constant, output is at potential output, the money growth rate is 10% per year, and the potential output growth rate is 3% per year, then according to the equation of exchange in the long run equilibrium inflation rate is ____ per year a) 10% b) 21% c) 4% d) 3% e) 7% 2)The portfolio allocation decision is the decision about a) the choice of consuming or saving today b) the use of money as a medium of exchange c) determining which mix of assets to hold d) the choice of financial intermediaries to use to determine a portfolio of assets e) allocating income to goods, services, and money
1)If, in the long run, the velocity of money is constant, output is at potential output, the money growth rate is 10% per year, and the potential output growth rate is 3% per year, then according to the equation of exchange in the long run equilibrium inflation rate is ____ per year a) 10% b) 21% c) 4% d) 3% e) 7% 2)The portfolio allocation decision is the decision about a) the choice of consuming or saving today b) the use of money as a medium of exchange c) determining which mix of assets to hold d) the choice of financial intermediaries to use to determine a portfolio of assets e) allocating income to goods, services, and money
Subject:EconomicsPrice: Bought3
1)If, in the long run, the velocity of money is constant, output is at potential output, the money growth rate is 10% per year, and the potential output growth rate is 3% per year, then according to the equation of exchange in the long run equilibrium inflation rate is ____ per year
a) 10%
b) 21%
c) 4%
d) 3%
e) 7%
2)The portfolio allocation decision is the decision about
a) the choice of consuming or saving today
b) the use of money as a medium of exchange
c) determining which mix of assets to hold
d) the choice of financial intermediaries to use to determine a portfolio of assets
e) allocating income to goods, services, and money
