According to the Quantity Theory of Money,deflation Will Occur If

question 228

Multiple Choice

According to the quantity theory of money,deflation will occur if the

• A)money supply is less than real GDP.
• B)money supply is more than real GDP.
• C)money supply grows at a slower rate than real GDP.
• D)money supply grows at a faster rate than real GDP.

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Definitions:

Self-enhancement

The desire to maintain, increase, or protect one's positive self-view.

Fundamental Attribution Error

The tendency to overestimate the influence of personal characteristics and underestimate the influence of situational factors when explaining other people's behavior.

Pessimistic Explanatory

A tendency to explain negative events as being widespread, permanent, and uncontrollable.

Martin Seligman

A psychologist known for his work on positive psychology, learned helplessness, and for promoting concepts such as PERMA to characterize well-being.