Keynesians believe that velocity of money is stable and predictable
Indicate whether the statement is true or false
F
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For each of the following scenarios, state the short-run effect on the AS curve
a. The price level decreases. b. Lower inflation is expected in the future. c. Worker productivity declines. d. Oil prices increase. e. The size of the labor force decreases.
Firms maintain their completive edge by
a. Providing a good at lower costs than their rivals b. Providing a superior product at the same cost as your rival c. Being innovative d. All the above
Which of the following would cause an increase in the demand for us dollars?
a. An interest rate cut in the US b. An interest rate cut in Europe c. An interest rate increase in Europe d. A recession in Europe e. Less desire by Europeans for US goods
Stable money and prices are a key source of economic growth because
What will be an ideal response?