MB_Chapter4_ The Demand for Money

Quiz
•
Professional Development
•
University
•
Hard
Nguyễn Hằng
Used 33+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Because the quantity theory of money tells us how much money is held for a given amount of
aggregate income, it is also a theory of
interest-rate determination.
the demand for money.
exchange-rate determination.
the demand for assets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The average number of times that a dollar is spent in buying the total amount of final goods and
services produced during a given time period is known as
gross national product.
the spending multiplier.
the money multiplier.
velocity.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the money supply is $500 and nominal income is $3,000, the velocity of money is
1/60.
1/6.
6.
60
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If nominal GDP is $10 trillion, and the money supply is $2 trillion, velocity is
0,5
5
10
20
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The velocity of money is defined as
real GDP divided by the money supply.
nominal GDP divided by the money supply.
real GDP times the money supply.
nominal GDP times the money supply
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Irving Fisher took the view that the institutional features of the economy which affect velocity
change ________ over time so that velocity will be fairly ________ in the short run.
rapidly; erratic
rapidly; stable
slowly; stable
slowly; erratic
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The classical economistsʹ conclusion that nominal income is determined by movements in the
money supply rested on their belief that ________ could be treated as ________ in the short run.
velocity; constant
velocity; variable
money; constant
money; variable
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