Monetarists differ from traditional classical theorists in their belief that
a. velocity is not constant
b. the only motive for demanding money is the transactions demand
c. investment is very sensitive to changes in the interest rate
d. the economy operates at full-employment
e. increases in the money supply do not lead to changes in real GDP
A
Economics
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Money is an imperfect store of value when
a. the rate of inflation is high. b. the unemployment rate is high. c. gold prices are falling. d. businesses are failing due to bankruptcy.
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Which of the following is a source of information that helps consumers acquire information about the quality of a good or service?
a. brand names b. franchising c. consumer ratings magazines d. all of the above
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