Modern Monetarists argue that the velocity of money is
A) constant.
B) the inverse of the money multiplier.
C) unmeasurable.
D) predictable.
D
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Economic agents can raise money capital by ________
A) issuing liabilities B) repaying a loan C) paying taxes D) providing a subsidy
Which of the following is unlikely to occur as a result of a price support program?
A) A reduction in consumer surplus B) A reduction in producer surplus C) An increase in quantity purchased D) An economic cost to government E) Improved economic efficiency
In a market economy, incomes would be very equal if there was no discrimination
a. True b. False Indicate whether the statement is true or false
Alan Krueger conducted a survey of fans at the 2001 Super Bowl who purchased tickets to the game for $325 or $400. Krueger found that (a) 94 percent of those surveyed would not have paid $3,000 for their tickets, and (b) 92 percent of those surveyed
would not have sold their tickets for $3,000. These results are evidence of A) the high value fans place on watching the Super Bowl in person, rather than on television. B) the failure of consumers to take into account nonmonetary opportunity costs. C) the failure of consumers to ignore sunk costs. D) consumers being overly optimistic about their future behavior.