56. Modern Monetary Theory (MMT) rejects which of the following assumptions of classical economics when it comes to the quantity equation?

(A) Monetary neutrality. (B) Liquidity preferences. (C) The Cantillion effect. (D) Velocity is stable over time.

57. What happens to the market for Tesla stock if demand decreases?

(A) The price falls. (B) The price stays the same. (C) The price rises. (D) Seek theosis, and then all is good.

58. Which of the following groups does NOT stand to benefit from inflation?

(A) The government. (B) The wealthy. (C) Those on fixed-salary contracts. (D) People who hold lots of debt.

59. Why does money growth not always cause inflation?

(A) There is a lag between monetary growth and observed inflation.

(B) The extra money is 'parked' in assets, instead of being spent and circulated widely.

(C) The extra money is used to purchase imports, so that foreign central banks increase their cash reserves.

(D) All of the above.