Which of the following statements is false?
A) Monetarists believe that the velocity of money is highly stable.
B) Monetarists believe that the velocity of money is predictable.
C) Monetarists believe that the economy will settle into long-run equilibrium at less than full employment output.
D) Monetarists believe that output can be at less than full employment output in the short run.
C
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. Comparative risk analysis is aimed at minimizing the absolute level of a risk. 2. Risk-benefit analysis and benefit-cost analysis are examples of risk management strategies. 3. President Regan’s Executive Order 12291 called for the explicit use of risk-benefit analysis. 4. Economists support the use of allocative efficiency as a criterion to identify the “acceptable” level of risk. 5. In the United States, all environmental laws setenvironmental risk at a level where the MSB equals the MSC.
In the specific factors model, a 5% increase in the price of food accompanied by a 1% increase in the price of cloth will cause ________ in the welfare of labor, ________ in the welfare of the fixed factor in the production of food, and ________ in
the welfare of the fixed factor in the production of cloth. A) an ambiguous change; an increase; a decrease B) an ambiguous change; a decrease; an increase C) an ambiguous change; an ambiguous change; an ambiguous change D) a decrease; an ambiguous change; an ambiguous change E) an increase; a decrease; an increase
Most municipal bonds are issued in
A) serial maturity form. B) single maturity form. C) convertible form. D) commercial form.
When bond prices fall, interest rates rise.
Answer the following statement true (T) or false (F)