Keynes's theory of the demand for money is consistent with ________ movements in ________
A) countercyclical; velocity
B) procyclical; velocity
C) countercyclical; expectations
D) procyclical; expectations
B
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What determines the supply of loanable funds and the demand for loanable funds?
What will be an ideal response?
The definition of a job leaver is an individual
A) who terminates his job voluntarily in order to work for a family business. B) whose employment was terminated involuntarily. C) who competed for a promotion at his company and did not get it. D) who is underemployed.
If the elasticity of demand for a good is greater than the government expected: a. Consumers will bear more of the burden of the tax than the government expected. b. Producers will bear more of the burden of the tax than the government expected. c. The tax will raise less revenue than the government expected
d. Both b. and c. are true.
Pollution problems
a. have existed for many centuries. b. are attributable to modern industrialization. c. can be blamed on the profit system. d. have worsened in every respect in the past forty years.