Classical economist David Hume observed that as the money supply expanded after gold discoveries it took some time for prices to rise and in the meantime the economy enjoyed higher employment and production. This is inconsistent with monetary neutrality because monetary neutrality would mean that a. the prices should have risen, but production should not have changed. b. neither prices nor production should have risen. c. production should have risen, but prices should not have. d. the prices and production should both have fallen.

Question

03-07-2021
Business

Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Classical economist David Hume observed that as the money supply expanded after gold discoveries it took some time for prices to rise and in the meantime the economy enjoyed higher employment and production. This is inconsistent with monetary neutrality because monetary neutrality would mean that a. the prices should have risen, but production should not have changed. b. neither prices nor production should have risen. c. production should have risen, but prices should not have. d. the prices and production should both have fallen.

Sagot :

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.

Describe the scene at the lake in "The Big Story".

9.2.8 last names codehs

What of the following phrases describes money? OA. A form of communication OB. A system of investment OC. A storehouse of value OD. A way to control the governm

What is answer? (-4589)+(+7658)=

What are two benefits of defining a function? A. It can be reused in multiple spots throughout the program. B. It keeps code smaller by reducing the number of b

4.9t+0.3=5.6t+0.72 I need help on my work lol

which memorial is built into the ground , symbolizing how America wants to hide this event and it's the most visited in Washington DC?a, Vietnamb, TWA hijacking

Question 10 of 10 A person has $100,000 in taxable income for a year and pays a 10 percent income tax rate, equal to $10,000. Which action would reduce the amou

Suppose you drive an average of 15,000 miles per year, and your car gets 24 miles per gallon. Suppose gasoline costs $3.20 a gallon. a. How much money do you

PLEEZ HELP!! 40 POINTS!! Food (part 2) Part 2 Prompt Now that you have worked through a lot of material that includes these basic patterns, and you have compare

andromache andromache · Answer 1 · 2021-07-04T21:21:29-04:00

Answer:

a. the prices should have risen, but production should not have changed.

Explanation:

In the case when the money supply is expanded after considering the discoveries of gold so here the prices are increased due to which the economy as the higher employment and the production level. But it is not consistent with the monetary neutrality as the prices are increased but the production level remain same or unchanged

Sagot :

Other Questions