The United States has never experienced double-digit inflation

Keynesian monetary theory:

a) is the same as the classical theory in all essential elements. b) states that changes in the money supply have no impact on GDP in either the short or long run. c) states that an increase in the money supply leads to lower interest rates, which stimulates investment and aggregate demand. d) states that an increase in the money supply will lower interest rates and thereby shift the long-run aggregate supply curve to the right.

A primary objective of unions is to raise the wages of union members.

Answer the following statement true (T) or false (F)