Question: If the price level doubles, the A. nominal demand for money drops by half. B. nominal demand for money doubles. OC. real demand for

If the price level doubles, the A. nominal demand for money drops by half. B. nominal demand for money doubles. OC. real demand for money drops by half. O D. real demand for money doubles. Money

If the price level doubles, the A. nominal demand for money drops by half. B. nominal demand for money doubles. OC. real demand for money drops by half. O D. real demand for money doubles. Money is created by A. government taxation. OB. banks paying for depositor's insurance. C. banks making loans. OD. banks taking in deposits, Classical growth theory states that A. advances in technology will always insure a permanent increase in real GDP per person. B. growth is maximized when everyone is fully employed. OC. growth is followed by increases in the population, eventually leaving real GDP per person unchanged. OD. growth is easy in the beginning but difficult in the later stages.

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