Monetarists accept the idea that velocity is not constant; nonetheless, they believe that it is still highly:
a. constant.
b. unpredictable, ill-behaved, and independent of money supply.
c. unpredictable, well-behaved, and dependent of money supply.
d. predictable.
e. variable.
d
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The above table shows answers given by people interviewed in a government survey of households. Which individuals are considered unemployed using the official U-3 unemployment rate?
A) A, B, and C B) B, C, and D C) A, C, and D D) C and D
A monopolist is defined as
A) a firm with annual sales over $10 million. B) a large firm, making substantial profits, that is able to make other firms do what it wants. C) a single supplier of a good or service for which there is no close substitute. D) a producer of a good or service that is expensive to produce, requiring large amounts of capital equipment.