A factor increasing the popularity of monetarism in the late 1970s was the
a. ease with which the Fed controlled the money supply.
b. excellent performance of the economy in the 1970s.
c. the fear of budget deficits and growing federal debt.
d. the predictable behavior of velocity until about 1980.
d
Economics
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A change in the capital stock ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve
A) shifts; shifts B) shifts; does not shift C) does not shift; shifts D) does not shift; does not shift
Economics
The natural rate of unemployment when seasonally adjusted includes
A) frictional and structural unemployment but not cyclical. B) frictional and cyclical unemployment but not structural. C) frictional unemployment only. D) cyclical and structural unemployment but not frictional.
Economics