Monetarists argue that fiscal policy is ineffective because:
A. the velocity of money is predictable.
B. the crowding-out effect reduces investment.
C. prices and wages are sticky in the short run.
D. it causes the value of the dollar to depreciate.
Answer: B
Economics
You might also like to view...
Which of the following contributes to an increase in labor productivity?
A) increased consumption expenditure B) decreased investment C) increased capital stock D) All of the above contribute to an increase in labor productivity.
Economics
A patent is a property right, which gives the owner
A) the right to sell and/or license the invention. B) the ability to make the knowledge of how to make the invention rival. C) a guaranteed profit. D) All of the above.
Economics