Almost nine-tenths of all spells of unemployment end when the unemployed person finds a job

The effect on the level of income of a given increase in the money stock is

a. irrelevant to the interest elasticity of money demand. b. greater the lower the interest elasticity of money demand. c. greater the higher the interest elasticity of money demand. d. None of the above

To prevent monetary policy from becoming highly politicized, many countries have:

A. Made their central banks be politically independent B. Put their central banks under the full control of their law-making agencies C. Allowed the heads of their central banks to serve for very short terms D. Made elected officials be the heads of their central banks