Econ-110 exam 3 Questions and 100% Verified
Answers. Grade A+
In the quantity theory of money when you multiply p times y you get -
{✔✔Resolution Result Verified Answers ✔✔}-Nominal gdp
In the quantity theory of money when you multiply m times v you get -
{✔✔Resolution Result Verified Answers ✔✔}-Nominal gdp
The equation mv=py is - {✔✔Resolution Result Verified Answers ✔✔}-An
identity because it is true by definition
Which important question about the variables in the quantity theory of money
does the video mention - {✔✔Resolution Result Verified Answers ✔✔}-How
do we measure the money supply
Which rewritten version of the quantity theory of money does prof. Taberrok use
to discuss the causes of inflation - {✔✔Resolution Result Verified Answers
✔✔}-P=Mv/Y
Which of the following is not one of the possible causes of price changes as
revealed through the quantity theory of money - {✔✔Resolution Result
Verified Answers ✔✔}-A change in interest rates
,Changes in real gdp Y are - {✔✔Resolution Result Verified Answers ✔✔}-Not
likely the cause of large sustained changes in p since y is relatively stable
Which of the following factors impacts the velocity of money in the economy -
{✔✔Resolution Result Verified Answers ✔✔}-How long it takes for a check
to clear
The velocity of money - {✔✔Resolution Result Verified Answers ✔✔}-Does
not change enough to explain large sustained changes in prices
According to the quantity theory of money the only thing that can cause large
sustained increases in prices is - {✔✔Resolution Result Verified Answers
✔✔}-An increase in the money supply since real gdp and the velocity of money
are relatively stable
Prof tab summarizes the outcome of the quantity theory of money by says by that
when ___, prices must ___. - {✔✔Resolution Result Verified Answers ✔✔}-
More money chases the same amount of goods and services; rise
Robert Mugabe is: - {✔✔Resolution Result Verified Answers ✔✔}-The
president of zimbabwe.
Around the year 2000, Robert mugabe needed money to bribe his enemies and
reward his political allies, but he faced all of the following problems except: -
{✔✔Resolution Result Verified Answers ✔✔}-The central bank refused to
print anymore money.
, Where did Robert mugabe get the money he needed for bribes and payoffs: -
{✔✔Resolution Result Verified Answers ✔✔}-He printed it.
Mugabes new money: - {✔✔Resolution Result Verified Answers ✔✔}-DIDNT
increase productivity rates in Zimbabwe.
The purchasing power of the Zimbabwean dollar - {✔✔Resolution Result
Verified Answers ✔✔}-Fell because there was more money chasing the same
goods.
As prices in Zimbabwe began to rise: - {✔✔Resolution Result Verified Answers
✔✔}-The gov. Had to print even more money to continue to buy just as many
goods as it did before Which of the following summarizes the feedback loop
discussed in the video -
{✔✔Resolution Result Verified Answers ✔✔}-As prices rose faster the gov.
Had to print even more money which caused prices to rise even faster.
In Zimbabwe at the height of the feedback loop - {✔✔Resolution Result
Verified Answers ✔✔}-Prices were increasing by 7.6 billion percent per month.
How did the Zimbabwean hyperinflation end - {✔✔Resolution Result Verified
Answers ✔✔}-Mugabe legalized transactions in foreign currencies
What causes inflation? - {✔✔Resolution Result Verified Answers ✔✔}-an
increase in the money supply
Answers. Grade A+
In the quantity theory of money when you multiply p times y you get -
{✔✔Resolution Result Verified Answers ✔✔}-Nominal gdp
In the quantity theory of money when you multiply m times v you get -
{✔✔Resolution Result Verified Answers ✔✔}-Nominal gdp
The equation mv=py is - {✔✔Resolution Result Verified Answers ✔✔}-An
identity because it is true by definition
Which important question about the variables in the quantity theory of money
does the video mention - {✔✔Resolution Result Verified Answers ✔✔}-How
do we measure the money supply
Which rewritten version of the quantity theory of money does prof. Taberrok use
to discuss the causes of inflation - {✔✔Resolution Result Verified Answers
✔✔}-P=Mv/Y
Which of the following is not one of the possible causes of price changes as
revealed through the quantity theory of money - {✔✔Resolution Result
Verified Answers ✔✔}-A change in interest rates
,Changes in real gdp Y are - {✔✔Resolution Result Verified Answers ✔✔}-Not
likely the cause of large sustained changes in p since y is relatively stable
Which of the following factors impacts the velocity of money in the economy -
{✔✔Resolution Result Verified Answers ✔✔}-How long it takes for a check
to clear
The velocity of money - {✔✔Resolution Result Verified Answers ✔✔}-Does
not change enough to explain large sustained changes in prices
According to the quantity theory of money the only thing that can cause large
sustained increases in prices is - {✔✔Resolution Result Verified Answers
✔✔}-An increase in the money supply since real gdp and the velocity of money
are relatively stable
Prof tab summarizes the outcome of the quantity theory of money by says by that
when ___, prices must ___. - {✔✔Resolution Result Verified Answers ✔✔}-
More money chases the same amount of goods and services; rise
Robert Mugabe is: - {✔✔Resolution Result Verified Answers ✔✔}-The
president of zimbabwe.
Around the year 2000, Robert mugabe needed money to bribe his enemies and
reward his political allies, but he faced all of the following problems except: -
{✔✔Resolution Result Verified Answers ✔✔}-The central bank refused to
print anymore money.
, Where did Robert mugabe get the money he needed for bribes and payoffs: -
{✔✔Resolution Result Verified Answers ✔✔}-He printed it.
Mugabes new money: - {✔✔Resolution Result Verified Answers ✔✔}-DIDNT
increase productivity rates in Zimbabwe.
The purchasing power of the Zimbabwean dollar - {✔✔Resolution Result
Verified Answers ✔✔}-Fell because there was more money chasing the same
goods.
As prices in Zimbabwe began to rise: - {✔✔Resolution Result Verified Answers
✔✔}-The gov. Had to print even more money to continue to buy just as many
goods as it did before Which of the following summarizes the feedback loop
discussed in the video -
{✔✔Resolution Result Verified Answers ✔✔}-As prices rose faster the gov.
Had to print even more money which caused prices to rise even faster.
In Zimbabwe at the height of the feedback loop - {✔✔Resolution Result
Verified Answers ✔✔}-Prices were increasing by 7.6 billion percent per month.
How did the Zimbabwean hyperinflation end - {✔✔Resolution Result Verified
Answers ✔✔}-Mugabe legalized transactions in foreign currencies
What causes inflation? - {✔✔Resolution Result Verified Answers ✔✔}-an
increase in the money supply
