Classical economists believe that:
A. velocity is not constant.
B. changes in the money supply affect real GDP.
C. the quantity of money explains prices.
D. the money supply affects velocity.
Answer: C
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The purchase by a consumer in Brazil of a video game produced in the United States is included in U.S
A) consumption expenditures. B) investment expenditures. C) government purchases. D) net exports.
Income mobility studies suggest that poverty
a. cannot be alleviated by privately sponsored anti-poverty programs. b. cannot be alleviated by government sponsored anti-poverty programs. c. is a long-term problem for a relatively large number of families. d. is not a long-term problem for most families.
What is the length of the term of the members of the Board of Governors of the Federal Reserve System?
A. four years B. six years C. fourteen years D. life or until the member resigns
Is a uniform per-unit tax on firms that cause an externality an optimal policy for correcting the externality? Explain
What will be an ideal response?