Monetarists believe that changes in the money stock
a. have an immediate effect on the level of income.
b. will always have a persistent impact on output for more than two years.
c. do not affect the level of income to any great extent.
d. have a persistent impact on output for as long as it takes the expected price level to adjust to the actual price level.
e. both b and d.
D
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Which of the following would increase the balance on the current account?
A) an increase in imports B) an increase in foreign direct investment C) an increase in the amount of aid money the government sends abroad D) an increase in the balance of trade
In which of the following cases does the Robinson-Patman act not apply?
a. There are no cost differences to serving different groups b. Discounts are never offered to meet competition c. The industry does not engage in promotional allowances d. All of the above
Requiring cars in Chicago to reduce pollution by the same amount as cars in Topeka is efficient
a. True b. False Indicate whether the statement is true or false
An American farmer today feeds over ______ people.
A. 15 B. 30 C. 50 D. 100