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46. Other things being equal, an increase in the supply of money

 

a. increases the price level.

 

b. reduces aggregate demand.

 

c. generate significant changes in relative prices.

 

d. reduces the amount of money balances.

 

47. As global financial markets become more intertwined, the Fed has

 

a. more control over fiscal policy.

 

b. less control over monetary policy.

 

c. more control over monetary policy.

 

d. less control over fiscal policy.

 

48. According to the quantity theory of money,

 

 

a. the velocity of money is the least stable factor in the monetary analysis.

 

b. a change in the money supply can lead only to a proportionate change in the price level.

 

c. price level changes can best be explained by Keynesian analysis.

 

d. the rate of inflation is not related to changes in the money supply.

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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