The classical view that money does not matter is sometimes described by the saying, "Money is a
a) camouflage."
b) mask."
c) veil."
d) smoke screen."
Ans: c) veil."
You might also like to view...
The increase in the unemployment rate during a recession is associated with which type of unemployment?
A. Structural unemployment B. Cyclical unemployment C. Nominal unemployment D. Frictional unemployment
Development economics must have a scope wider than traditional economics because
a. values and attitudes play little role in the pace of development. b. people in developing societies do less utility-maximizing. c. transformation of social institutions is necessary for development. d. all of the above.
In a flexible exchange-rate system, the value of a currency is determined by
A) the government. B) the intersection of the IS and LM curves. C) the demand and supply for the currency in the foreign exchange market. D) Swiss gnomes.
Which elements of GDP were affected by the financial crisis and the lack of available credit?
a. consumption and business investment only b. consumption and government spending only c. consumption, business investment and government spending only d. consumption, business investment, government spending and imports/exports