--%>
Assignment Help - homework help

Price Specie-Flow Mechanism-early version of Quantity Theory

The equation ΔMV is equal to ΔPQ while real GDP (which is adjusted for inflation), is fixed is a modern method to distinguish: (w) Adam Smith’s labor theory of value. (x) Francois Quesnay’s circular flow model. (y) Roberto Michaels’ Iron Law of Oligarchy. (z) David Hume’s Price Specie-Flow Mechanism that is an early version of the Quantity Theory of Money].

   Related Questions in Public Economics

  • Q : Weak assumptions

    Philosopher-mathematician Henri Poincaré asserted, “When a phenomenon admits of a total mechanical explanation this will admit of any infinity of others that will account equally well for all of the peculiarities disclosed through the experiment.” O

    		•
  • Q : Human rights trump property rights I

    I have a problem in economics on Human rights trump property rights. Please help me in the following question. Loosely translated, the laissez-faire signifies: (i) Control and integrate. (ii) Seize the day. (iii) Human rights trump the property rights

    		•
  • Q : Define subjective opportunity cost for

    Can someone explain me with excellent solution about problem of economic concept of Opportunity Cost... If you exchange your Audi for a race horse you hate, and exchange the race horse for 100 shares of gold-mine stock you believe

    		•
  • Q : Where illustrations of production are

    I require a good answer on the topic of Economic problems. Please provide me your suggestion that where illustrations of production are not contain: (i) Using canned chocolate icing to decorate a cake made with “store-bought” cake mix, (ii

    		•
  • Q : Knowing the Property Rights Fee-simple

    Fee-simple property rights comprise the right to: (1) Demolish things you own, sell them, or confer them away.  (2) Duplicate a copyrighted work by paying the small fee. (3) Picnic in such publicly-owned facilities like national parks. (4) Employ

    		•
  • Q : Classified resources within the broad

    Can anybody recommend me the proper explanation for specified problem regarding how classified resources within the broad categories: (i) Economic goods, free goods, and bads. (ii) Productive and nonproductive goods. (iii) Land, labor, capital, and en

    		•
  • Q : Example of Normative Macroeconomics

    To say that high joblessness rates in this prosperous country are a national disgrace would be an illustration of a: (w) normative macroeconomic statement. (x) positive macroeconomic statement. (y) positive microeconomic statement. (z) normative microeconomic statemen

    		•
  • Q : Limitation of resource category of

    I need a good answer on the topic of Economic problems. Please give me your suggestion that the economists’ resource category of “land” would not contain: (1) coal, petroleum, and other minerals. (2) the fish and water within the oce

    		•
  • Q : Economic questions incapability of

    Economic questions incapable of scientific verification like to correctness or falsity, as like why, how and when to prosecute and execute alleged murderers, or to whom income must be again distributed, fall in the category of: (1) positive economics.

    		•
  • Q : Problem on Private ownership of property

    I have a problem in economics on Private ownership of property. Please help me in the following question. The hallmarks of ‘pure’ capitalism are illustrated by the: (1) Absence of productive and allocative efficiency. (2) Interaction of th

    		•