In the Long Run, If the Quantity of Money Supplied

question 162

Multiple Choice

In the long run, if the quantity of money supplied ________ the quantity demanded, the value of money ________.

• A) exceeds; falls as people spend their surplus money
• B) exceeds; rises as people buy bonds
• C) is less than; falls as people spend their surplus money
• D) is less than; does not change unless the Fed increases the money supply
• E) equals; equals zero

---

Definitions:

Virtual Teams

Groups of people who work together from different geographical locations, connected by electronic communication technologies.

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Cross-functional Teams

Teams composed of members from different departments within an organization, working together to achieve a common goal.

Effectiveness

The degree to which objectives are achieved and the desired results are obtained efficiently.