Frictional unemployment is due to a mismatch between peoples' skills and job requirements

The equation of exchange always holds because

A. the quantity of money is determined by the amount of spending on goods and services. B. the quantity of money dictates the size of nominal GDP, since money is a social usage. C. MV measures total spending on GDP and PY also measures of total spending on GDP. D. the number of times money is spent to obtain goods and services measures total spending on GDP.

Both the ________ do not put a great deal of emphasis on the capital account

A) absorption and monetary approaches B) monetary and elasticities approaches C) elasticities and absorption approaches D) None of the above