Which of the following best describes the assumption that monetarists make regarding velocity?
a. It is fairly predictable in the short run and certainly in the long run.
b. It is not possible to predict velocity in the short or long run.
c. It is variable in the long run but predictable in the short run.
d. It is constant in the long run but variable in the short run.
a
Economics
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If the federal government collects $10 billion in taxes and then spends it on the public, the money supply
A) rises by $20 billion. B) rises by $10 billion. C) falls by $10 billion. D) is unaffected.
Economics
A key tool of countercyclical fiscal policy is
a. the interest rate b. the federal funds rate c. government spending d. the regulatory code e. Presidential executive orders
Economics