Which of the following is correct?
a. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
b. Monetarists believe there is an indirect link between changes in a nation's money supply and changes in expenditures.
c. Monetarists believe there is a direct link between changes in a nation's money supply and changes in expenditures.
d. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures.
e. None of the above.
.C
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Which of the following definitely results in a product's equilibrium price rising?
A) an increase in both demand and supply B) a decrease in both demand and supply C) an increase in demand combined with a decrease in supply D) a decrease in demand combined with an increase in supply E) an increase in the supply combined with no change in the demand
Of the following, ________ account(s) for the largest share of imports into the United States
A) food and drinks B) clothing and footwear C) crude oil D) computers E) chemicals
Refer to Figure 8.2. At P = $80, how much is profit in the short run?
A) $88 B) $306 C) $351 D) $1000 E) $1024
Rapid population growth can be an obstacle to economic development:
A. because it can translate a relatively large increase in real output into a small increase in real output per capita. B. because more investment will be required to simply maintain the quantity of capital goods per person. C. because it may lead to the overutilization and therefore ecological degradation of farmland. D. for all of these reasons.