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NEW QUESTION: 1
If the real growth rate of the economy is 3% and the money supply is increasing at 4%, given that the velocity of money is constant
A. nominal interest rates will decline by 1%.
B. prices will decline at the rate of 1%.
C. the rate of inflation will equal 1%.
Answer: C
Explanation:
According to the quantity theory of money, if the velocity of money does not change,Rate of inflation = Rate of money supply growth - Real growth rate of economy = 4% - 3% = 1%

NEW QUESTION: 2
A department purchased one copy of a software program for internal use. The manager of the department installed the program on an office computer and then made two complete copies of the original software.
Copy 1 was solely for backup purposes.
Copy 2 was for use by another member of the department.
In terms of software licenses and copyright law, which of the following is correct?
A. Only copy 1 is legal.
B. Both copies are legal.
C. Neither copy is legal.
D. Only copy 2 is legal.
Answer: A

NEW QUESTION: 3
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Answer:
Explanation:



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302 Exam Topics

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