According to the Quantity Theory of Money, a Decision on the Part

question 127

Multiple Choice

According to the quantity theory of money, a decision on the part of all business firms currently paying employees on a monthly basis to begin paying on a weekly basis would be expected to

• A)increase velocity and increase nominal GDP.
• B)increase velocity and decrease nominal GDP.
• C)decrease velocity and increase nominal GDP.
• D)decrease velocity and decrease nominal GDP.

---

Definitions:

Japanese Participants

Individuals from Japan taking part in an activity, study, or event.

American Participants

A term often used in research studies indicating the individuals taking part in the study are from the United States.

Social Cues

Nonverbal or environmental signals that are interpreted by individuals to guide their social interactions.

Ultimate Attribution Error

Tendency to attribute bad outgroup and good ingroup behaviour internally, and to attribute good outgroup and bad ingroup behaviour externally.