Suppose X and Y are complements and demand for X is Qxd = ?0 + ?XPX + ?YPY + ?MM + ?HH. Then we know

In an economy that did not use money, but in which barter was exclusively employed for the exchange of goods, inflation

A) could not occur. B) would be almost entirely the result of speculation. C) would benefit buyers more than sellers. D) would redistribute real income rather than money income. E) would strike hardest at those on fixed incomes.

Monetarists suggest doing which of the following?

A) Maintain a steady growth rate of the money supply. B) Use fiscal policy to combat unemployment in the short run. C) Use monetary policy to combat unemployment in the long run. D) Use fiscal policy to combat inflation in the long run.