# Allied ecn151 Module 6 Check Your Understanding latest 2015 November

Jun 17th, 2016
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Question Question Points 1. The inflation rate is measured as the percentage change in a price index. a. True b. False 2. If the Fed were to unexpectedly increase the money supply, creditors would gain at the expense of debtors. a. True b. False 3. Members of the Board of Governors are appointed by the President of the U.S. and confirmed by the U.S. Senate. a. True b. False 4. The evidence from hyperinflations indicates that money growth and inflation: a. are positively related, which is consistent with the quantity theory of money. b. are positively related, which is not consistent with the quantity theory of money. c. are not related in a discernible fashion, which is consistent with the quantity theory of money. d. are not related in a discernible fashion, which is not consistent with the quantity theory of money. 5. The quantity theory of money implies that if output and velocity are constant, then a 50 percent increase in the money supply would lead to less than a 50

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Allied ecn151 Module 6 Check Your Understanding latest 2015 NovemberReport this Question as InappropriateQuestionQuestion Points1. The inflation rate is measured as the percentage change in a price index.a. Trueb. False2. If the Fed were to unexpectedly increase the money supply, creditors would gain at theexpense of debtors.a. Trueb. False3. Members of the Board of Governors are appointed by the President of the U.S. and confirmedby the U.S. Senate.a. Trueb. False4. The evidence from hyperinflations indicates that money growth and inflation:a. are positively related, which is consistent with the quantity theory of money.b. are positively related, which is not consistent with the quantity theory of money.c. are not related in a discernible fashion, which is consistent with the quantity theory of money.d. are not related in a discernible fashion, which is not consistent with the quantity theory ofmoney.5. The quantity theory of money implies that if output and velocity are constant, then a 50percent increase in the money supply would lead to less than a 50 percent increase in the pricelevel.a. Trueb. False6. According to the classical dichotomy, which of the following increases when the moneysupply increases?a. The real interest rateb. Real GDPc. The real waged. None of the choices apply.7. When the money market is drawn with the value of money on the vertical axis, as the pricelevel increases, the value of money:a. increases, so the quantity

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