Keynesian economists argue that the velocity of money is unstable and has unpredictable variations
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
If the government's spending exactly equals its revenues during a budget year, that government is
A) running a budget deficit. B) experiencing a budget surplus. C) balancing its budget. D) paying off its public debt.
The demand for spring break vacations is _________________ than is the demand for textbooks because ________________.
A. less price elastic; vacations have more available substitutes. B. more price elastic; vacations have less available substitutes. C. less price elastic; vacations are more of a luxury. D. more price elastic; vacations are more of a luxury.
Labor unions in the United States
A. tend to be more outspoken politically than those in Europe. B. have experienced steady declines in membership since the 1950s. C. tend to be more powerful in deregulated industries (e.g., airlines) than in regulated industries. D. universally support socialist principles.
Regardless of how price elastic labor demand curves are, employers are unaffected by wage taxes if labor supply is perfectly inelastic.
Answer the following statement true (T) or false (F)