Monetarists have received this label because they emphasize the role of
a. money supply in determining aggregate supply.
b. the money supply in determining nominal GDP.
c. the Fed in making monetary policy.
d. the money supply in determining interest rates and investment.
b
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Hard money:
A. is the least narrow definition of money. B. includes cash. C. cannot always be used in transactions immediately, but is accessible. D. is not very liquid.
Wealth is redistributed from debtors to creditors when inflation is
a. high, whether it is expected or not. b. low, whether it is expected or not. c. unexpectedly high. d. unexpectedly low.
A country's saving is greater than its domestic investment. This difference means that its
a. net capital outflow and net exports are positive. b. net capital outflow and net exports are negative. c. net capital outflow is positive and net exports are negative. d. net capital outflow is negative and net exports are positive.
Suppose that John allocates $10,000 of his disposable income for necessities. Any additional income beyond that is both spent and saved. Assume he has a disposable annual income of $50,000 and an MPC=0.8. Based on this information the additional amount spent on non-necessities should be:
A. $10,000. B. $40,000. C. $35,000. D. $32,000.