Simple majority voting will generate the same result whether taxes are equally divided or unequally divided

The assumption that the velocity of money and the quantity being produced is constant is held by the:

a. Keynesian school. b. supply-side school. c. neo-Keynesian school. d. rational expectations school. e. classical school.

Any commonly accepted good that acts as a medium of exchange, a measure of value, and a store of value is known as

a. money b. currency c. acquisitive d. fiat e. M1