Monetarists reject the idea that velocity is not constant. Nonetheless, they believe that it is still highly predictable, well-behaved, and dependent on the money supply

Which of the following characteristics does perfect competition have in common with monopolistic competition?

a. price-taking firms b. homogeneous products c. no barriers to entry d. horizontal demand curve e. neither market advertises

The government's chief forecasting gauge for business cycles is the:

a. unemployment rate. b. real GDP. c. personal income index. d. index of leading indicators.