New classical economists believe that monetary and fiscal policies are never effective
Indicate whether the statement is true or false
False
You might also like to view...
An empty core is more likely if the individuals in a group own highly complementary resources
Indicate whether the statement is true or false
Assume that Szmul Hertz has an MPC equal to 0.80 . If he normally earns $40,000 per year, but is laid off for part of 2000 and only earns $25,000 . his consumption for 2000 . according to Milton Friedman, will be
a. $16,000 b. $12,000 c. $32,000 d. $40,000 e. $25,000
In Figure 30.1, the movement from point G to point F along the labor supply curve S1 is a result of
A. The substitution effect of a higher wage rate. B. Increased job satisfaction. C. A lower wage rate. D. The income effect of higher wages.
The equation of exchange can be written as
A. MsV = PY. B. MsP = VY. C. MsY = VP. D. None of these are correct.