If the real interest rate and real national income are constant, according to the quantity theory and the Fisher effect, a 1 percent increase in money growth will lead to rises in:
a. inflation of 1 percent and the nominal interest rate of less than 1 percent.
b. inflation of 1 percent and the nominal interest rate of more than 1 percent.
c. both inflation and the nominal interest rate of less than 1 percent. d. inflation of 1 percent and the nominal interest rate of 1 percent.

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?

Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service