G tps - Googl Content Q HOMEWOR Q Economics Course Here Q macro final Final Exa X C Chegg Sear C When Dona G How can Tru G A rise in the + X C O 8 https://mylab.pearson.com/Student/PlayerTest.aspx?testld=238668350 57% G E L Lenovo L Lenovo @McAfee Bb Access My Courses N... + Interview Schedule - G... M Inbox (5) - shivu@cub... M Inbox (7) - shivu@cub... M Inbox (5,044) - pandey.. M Inbox (11) - prakash.n... https://cgifederal.secu... 2022SP Principles of Macroeconomics (ECON-2301-62012) - INET Shivu Pandey 05/11/22 11:58 AM @ Test: Final Exam (1-13) Question 39 of 55 This test: $5 point(s) possible This question: 1 point(s) possible Submit test Economics in the News May 12, 2018 Read the news article, How can Trump "print the money"?, and then answer the following questions. 1. According to Donald Trump, how can the United States pay its debt? According to Donald Trump, the United States can pay its debt by O A. the Fed making a phone call to the Bureau of Engraving O B. the Fed increasing the quantity of electronic money O C. the government printing more money O D. the president flipping the switch on money-printing machines 2. What is money? Is money more than currency? Money is any commodity or token that is _ Money consists of O A. generally acceptable as a means of payment; currency, bank deposits, 401Ks, and life insurance O B. a unit of account; currency, deposits at banks and other depository institutions, and life insurance O C. generally acceptable as a means of payment; currency and deposits at banks and other depository institutions O D. a store of value; notes and coins 3. How is money created? Money is created when O A. the Federal Reserve makes an open market purchase and banks' excess reserves increase. Banks then lend out their excess reserves O B. the government makes an open market purchase and banks' excess reserves increase. Banks then lend out their excess reserves O C. the Federal Reserve makes an open market sale and banks' desired reserve decrease. Banks then lend out their excess reserves O D. the Federal Reserve tells the Bureau of Engraving to produce more paper money 4. What is the quantity theory of money? The quantity theory of money is the proposition that O A. in the short run, an increase in the quantity of money has no effect on the price level O B. the quantity of money multiplied by the velocity of circulation equals nominal GDP Time Remaining: 00:48:57 Next 84"F Cloudy OLD HCBLUD O 11:58 AM A 5/11/2022 2G tps - Googl Content Q HOMEWOR Q Economics Course Here Q macro final Final Exa X C Chegg Sear C When Dona G How can Tru G A rise in the + X C O 8 https://mylab.pearson.com/Student/PlayerTest.aspx?testld=238668350 57% G E L Lenovo L Lenovo @McAfee Bb Access My Courses N... + Interview Schedule - G... M Inbox (5) - shivu@cub... M Inbox (7) - shivu@cub... M Inbox (5,044) - pandey.. M Inbox (11) - prakash.n... https://cgifederal.secu... 2022SP Principles of Macroeconomics (ECON-2301-62012) - INET Shivu Pandey 05/11/22 11:58 AM @ Test: Final Exam (1-13) Question 39 of 55 This test: 55 point(s) possible This question: 1 point(s) possible Submit test Economics in the News May 12, 2018 Read the news article, How can Trump 'print the money"?. and then answer the following questions. O A. generally acceptable as a means of payment; currency, bank deposits, 401Ks, and life insurance O B. a unit of account; currency, deposits at banks and other depository institutions, and life insurance O C. generally acceptable as a means of payment; currency and deposits at banks and other depository institutions O D. a store of value; notes and coins 3. How is money created? Money is created when O A. the Federal Reserve makes an open market purchase and banks' excess reserves increase. Banks then lend out their excess reserves O B. the government makes an open market purchase and banks' excess reserves increase. Banks then lend out their excess reserves O C. the Federal Reserve makes an open market sale and banks' desired reserve decrease. Banks then lend out their excess reserves O D. the Federal Reserve tells the Bureau of Engraving to produce more paper money 4. What is the quantity theory of money? The quantity theory of money is the proposition that O A. in the short run, an increase in the quantity of money has no effect on the price level O B. the quantity of money multiplied by the velocity of circulation equals nominal GDP O C. in the long run, an increase in the quantity of money brings an equal percentage increase in the price level O D. the growth rate of the velocity of circulation is zero 5. Suppose the United States doubles the quantity of money to pay off the debt. With a constant rate of velocity and a constant real GDP growth rate, what does the quantity theory of money predict would happen to the inflation rate in the long run? O A. The inflation rate doubles. O B. The inflation rate is 200. O C. The inflation rate rises indefinitely. O D. The inflation rate halves. Time Remaining: 00:48:55 Next Cloudy OLD HCBLUD O 11:58 AM A 5/11/2022 2