Reducing inflation is a more important objective than economic growth" is an example of

Canada, Mexico, and the United States have:

A) joined together and are operating in what is called a closed-trade area with respect to the European Union. B) developed a currency similar to the euro. C) eliminated many trade barriers among themselves. D) reduced trade among them in order to protect jobs at home.

According to the early Keynesians,

a. the money demand function was unstable; the interest elasticity of money demand was extremely high; and, as a consequence, changes in the quantity of money did not have important predictable effects on the level of economic activity. b. the money demand function was stable; the interest elasticity of money demand was low; and, as a consequence, changes in the quantity of money did not have important predictable effects on the level of economic activity. c. the money demand function was unstable; the interest elasticity of money demand was low; and, therefore, changes in the quantity of money did not have important effects on the level of economic activity. d. the money demand function was stable; the interest elasticity of money demand was high; and, therefore, changes in the quantity of money did have important effects on the level of economic activity.