Stable velocity of money is crucial component of the
a. monetarist model.
b. Keynesian model.
c. new Keynesian model.
d. IS-LM model.
C
You might also like to view...
The amount by which consumption increases when disposable income increases by $1 is called:
A. the consumption function. B. autonomous expenditure. C. an automatic stabilizer. D. the marginal propensity to consume.
What is the shape of a firm's marginal revenue product curve? Why does it look this way?
What will be an ideal response?
It appears that one out of ten individuals classified by the Census Bureau as a year round, full-time worker was actually employed part-time at least six weeks of the year
Indicate whether the statement is true or false
"I believe that consumer sovereignty is a good thing." This person believes that:
A. people are often manipulated by advertisers. B. businesses should produce what people want. C. people often have self-control problems. D. businesses should produce for people's needs, not for profits.