According to the equation of exchange, a contractionary monetary policy must be adopted to offset any decrease in the velocity of money
a. True
b. False
Indicate whether the statement is true or false
False
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________ reflects a use of loanable funds, while ________ reflects a supply of loanable funds
A) The government budget deficit; private saving. B) International borrowing; a government budget deficit. C) International investment; business investment. D) A government budget surplus; a government budget deficit. E) Business investment; the government budget deficit.
The best measure of the income households actually have available to spend is
A) national income. B) disposable personal income. C) personal income. D) net national income.
The Board of Governors is made up of experts in:
A. fiscal policy. B. public policy. C. monetary policy. D. information systems
It is possible that two different economists can examine the same situation, such as school funding, and reach entirely different conclusions. Why is this so?
What will be an ideal response?