In the 1948-2012 data, the unemployment rate was highest in

Keynes argued that

I. Capitalism did not always lead to full employment. II. Nominal prices were more important than relative prices. A) I only B) II only C) Both I and II D) Neither I nor II

Which of the following is not a flow variable?

A) investment B) saving C) the money supply D) output E) all of the above