During economic slowdowns (recessions) the velocity of money tends to:
A. increase dramatically.
B. increase slightly.
C. decrease.
D. remain relatively stable.
Answer: C
You might also like to view...
The purchase of a new house is included in
A) government purchases. B) investment expenditures. C) net exports. D) consumption expenditures.
One popular case for protectionism is the "Protection Saves Jobs" argument. What is the nature of this argument? What is its weakness?
What will be an ideal response?
The approach by which a labor union tries to negotiate an industry-wide wage for different classes of labor is called:
a. inclusive or industrial. b. mediation. c. arbitration. d. strike.
Natural disasters (such as the 2011 earthquake and tsunami in Japan) are examples of an adverse supply shock, which result in the SRAS curve shifting leftward
Indicate whether the statement is true or false