Monetarists differ from Classical economists in that they argue that
A) changes in the money supply affect only the price level in the long run.
B) velocity is not fixed but is predictable.
C) the economy tends to be stable around full employment.
D) the demand for money is a fixed fraction of nominal GDP.
B
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In the production function Real GDP = T (L, K), the T represents the _____________ coefficient, the L represents ________________ and the K represents _______________
A) tax; labor; capital B) technology; labor; capital C) technology; labor; knowledge D) technology; livestock; knowledge
Outputsinclude goods but not services.
Answer the following statement true (T) or false (F)
In order to maintain an undervalued yuan to encourage a trade surplus, the Chinese government must buy dollars and increase the supply of yuan
Indicate whether the statement is true or false
Individuals who live in public housing _____
a. live in better housing than if public housing was not available b. are better off than they would be absent public housing c. forfeit their eligibility for the EITC d. are automatically enrolled in the TANF program