Suppose That M Is Fixed

question 162

Multiple Choice

Suppose that M is fixed.According to the quantity equation,which of the following would make the price level higher?

• A)Y or V rise
• B)Y or V fall
• C)Y rises or V falls
• D)Y falls or V rises

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Definitions:

Absolute Threshold

The minimum intensity of a stimulus that one can detect 50% of the time.

Subliminal

Below one’s absolute threshold for conscious awareness.

Adaptive

Describing an organism or system that can adjust to changes in its environment or circumstances.

Signal Detection Theory

A method for measuring the capacity to distinguish between patterns that carry information and those random patterns that obscure the information.