According to the monetarist point of view
A. to avoid inflation, the Federal Reserve should create reserves at the same rate as the velocity of money.
B. velocity of money is not constant; therefore, the increase in the money supply should not be constant.
C. in the short run, increased unemployment and/or reduced inflation are the result of a reduction in the growth of the money supply.
D. in the short run, changes in the money supply can have no effect on output in the economy, only on prices.
C. in the short run, increased unemployment and/or reduced inflation are the result of a reduction in the growth of the money supply.
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Firms that are required to participate in affirmative action programs do end up hiring more minority employees
a. True b. False
The occurrence of the Great Depression offered evidence that supported
a. the classical theory of economics b. the need for the government to practice the policy of laissez faire c. the need for the government to control prices d. Congress to take action to stop rising prices e. the Keynesian idea that the government needed to guide the economy