The misperceptions theory was originally proposed by ________ and rigorously formulated by ________

A) Milton Friedman; Robert Lucas
B) John Maynard Keynes; Robert Solow
C) Edward Prescott; Robert King
D) James Tobin; Greg Mankiw

A

Economics

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Economist Milton Friedman's theory of money demand is based on the supposition that money has a very ________ range of substitutes, giving monetary policy a ________ effect on aggregate demand

A) wide, strong B) wide, weak C) narrow, strong D) narrow, weak

Economics

Which of the following is true about a hierarchy?

a. It primarily acts as a residual claimant. b. It is a group of individuals who make decisions. c. It is an alternative to independent specialization of individual workers. d. It is a group of individuals who hold shares of the company and are entitled to dividends.

Economics