The monetarists totally reject the importance of changes in the money stock as determinants of changes in real GDP, the price level, and employment
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Refer to Table 15-3. If Comcast maximizes its profits how much profit will it earn?
A) $84 B) $40 C) $4 D) Comcast will break even.
As the housing bubble collapsed, the cycle of defaults and falling prices began that would ultimately cause home values to:
A. stop rising, practically halting the mortgage loan industry for a number of years. B. fall by more than 90 percent in the hardest-hit areas. C. fall by more than 50 percent in the hardest-hit areas. D. fall by about 25 percent in the hardest-hit areas.
Faced with increasing outflows of gold in the late 1960s and early 1970s, the United States
A. decreased the dollar price of gold. B. used contractionary fiscal policies to rid the nation of deficits. C. suspended the convertibility of dollars into gold. D. encouraged other countries to increase their domestic interest rates.
In a mixed closed economy:
A. government purchases and saving are injections, while investment and taxes are leakages. B. taxes and government purchases are leakages, while investment and saving are injections. C. taxes and savings are leakages, while investment and government purchases are injections. D. taxes and investment are injections, while saving and government purchases are leakages.