Which of the following is correct?
a. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
b. Monetarists believe there is an indirect link between changes in a nation's money supply and changes in expenditures.
c. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures.
d. Keynesians believe there is an indirect link between changes in a nation's money supply and changes in expenditures.
e. None of the above.
.D
You might also like to view...
Quotas and tariffs both
A) decrease deadweight loss. B) restrict foreign trade. C) cause a loss of revenue to domestic producers. D) lower prices on imported goods.
In the last 20 years, all of the following measures of the manufacturing sector have declined except:
a. total employment in manufacturing. b. manufacturing employment as a share of the labor force. c. manufacturing output as a share of GNP. d. total manufacturing output.
In the long-run, the price level in the economy will change the same direction as aggregate demand
a. True b. False Indicate whether the statement is true or false
Trade between nations usually means that
a. one country is richer than another. b. one country becomes richer while the other becomes poorer. c. both trading nations show some gains. d. one trading country is trying to "beggar its neighbor."