According to the Quantity Theory of Money, the Price Level

question 42

Multiple Choice

According to the quantity theory of money, the price level decreases in equal proportion to

• A) an increase in the income velocity of money.
• B) a decrease in the nominal interest rate.
• C) an increase in the real interest rate.
• D) a decrease in the money supply.

Recognize the elements to consider in developing a transportation strategy.

Understand effective logistics cost reduction strategies.

Compare the advantages and drawbacks of motor carriers versus rail transportation.

Understand the role of supply in logistics and the acquisition of logistics services.