Which of the following best describes the assumption that monetarists make regarding velocity?
a. It is fairly predictable in the short run and certainly in the long run.
b. It is not possible to predict velocity in the short or long run.
c. It is variable in the long run but predictable in the short run.
d. It is constant in the long run but variable in the short run.
a
You might also like to view...
"Consumption possibilities are limited by total utility." True or false? Explain
Indicate whether the statement is true or false
The distribution of poverty is determined by changing demographic patterns and discrimination
Indicate whether the statement is true or false
The slope of a straight line
A) is the same at all points along that line. B) cannot be defined. C) changes from one point to the next on that line. D) is always equal to zero.
Nancy and Sheila are both loan officers who started working for their current employer during the same year, graduated from the same university with bachelors' degrees in economics, and achieved similar performance reviews. Nancy earned a master's degree last year. If Nancy earns a higher annual salary than Sheila because she has more formal education, the employer is
a. basing pay on experience. b. paying efficiency wages. c. practicing discrimination. d. rewarding increases in human capital.