Which of the following are consequences of hyperinflation? Check all that apply. People cash their paychecks more quickly.   Wages and prices spiral upward.   People keep more currency on hand instead of spending it.   Lending money generates a higher real return because nominal interest rates are higher.

Suppose that the supply of credit cards is given by (1/200) X = q, the nominal interest rate is 0.06, real GDP is Y = 52, and the price level is P = 105. What must be the quantity of money supplied for this money market to be in equilibrium. Round your answer to the nearest whole number.

An increase in nominal GDP will Multiple Choice   increase the transactions demand and the total demand for money.   decrease the transactions demand and the total demand for money.   increase the transactions demand for money but decrease the total demand for money.   decrease the transactions demand for money but increase the total demand for money.

Consider a simple economy that produces only loaves of bread. The table contains information on the economy's output, money supply, velocity, and price level. For example, in 2009, the money supply was $200, the price of a loaf of bread was $5, and the economy produced 400 loaves of bread. Use the information in the table and your previous answers. The money supply grew at a rate of % from 2009 to 2010 and the inflation rate (percentage change in prices) grew at a rate of % from 2009 to 2010. [Use one decimal place in your answer] 2009 2010 Quantity of Money $200 $216 Velocity of Money 10 Price Level $5.00 Quantity of Output 400 400