更多"The quantity theory of money states"的相关试题:
[简答题]The quantity theory of money holds that the money supply, multiplied by the rate at which it circulates (called velocity 称做周转率) , equals nominal income. Nominal income in turn is the product of real output and prices. But does money supply directly boost nominal income, or does nominal income affect velocity and the demand for money The mechanism is murky.
Central banks control the narrowest measure of the money supply, called the monetary base (货币基数) —typically, currency plus the reserves that commercial banks hold with the central bank. But the relationships between the monetary base, broader monetary aggregates and nominal income is highly unstable.
Central banks have mostly given up trying to target inflation via the money supply. Instead, they study the "output gap" between total demand and the economy’s potential to supply goods and services, determined by such things as the labour force and capital stock, as well as inflation expectations. When demand exceeds supply, i
[简答题]What is the Modern Quantity Theory of Money Demand
[单项选择]In a recent discussion on the quantity theory of money, three junior economists, Fred Sauvage, Linda McIntyre and Jason Richards, were discussing the long-run changes in economic variables that would result from an increase in the money supply. They stated the following: Sauvage: According to the quantity theory of money, in the long run only the price level would change if the central bank increased the money supply. McIntyre: According to the quantity theory of money, an increase in the money supply would bring about a long-run decline in unemployment. Richards: According to the quantity theory of money, in the long run only the velocity of money would change as a result of an increased money supply. Are the statements made by Sauvage, McIntyre and Richards correct Sauvage McIntyre Richards（ ）
A. Incorrect Correct Correct
B. Correct Incorrect Incorrect
C. Correct Incorrect Correct
[单项选择]He ______ on the simple quantity theory to provide a more sophisticated framework for the explanation of a link between monetary growth and inflation.
A. remarked
B. commented
C. elaborated
D. spelled
[简答题]What is the Theory of Money Supply by the Monetarist School
[单项选择]The change in the quantity of money is determined jointly by the:（）
A. change in the monetary base and the Fed’s required reserve ratio.
B. Fed’s required reserve ratio and the money multiplier.
C. change in the monetary base and the money multiplier.
[填空题]The United States spend much more money on programs to prevent diseases than on treatment for diseases.
[填空题]Although States were allowed to coin money right after the American Revolution, they are_____ __________________(不允许这样做) today.
[简答题]Arbitrage pricing theory
[简答题]A theory is a good theory if it satisfies two requirements: It must accurately describe a large class of observations on the basis of a model that contains only a few arbitrary elements, and it must make definite predictions about the results of future conservation. Newton’ s theory of gravity was based on an even simpler model, in which bodies attracted each other with a force that proportional to a quantity called their mass and inversely proportional to the square of the distance between them.
