Monetarists argue that the interest elasticity of the demand for ...

[kshipps]

Monetarists argue that the interest elasticity of the demand for money is
 
  a. low, while Keynesians say it is high.
  b. important in terms of affecting economic activity.
  c. highly variable.
  d. an important factor in determining if velocity is stable or unstable.

Question 2

Speculation in the sale of public lands
 
  (a) did not occur.
  (b) placed land in the hands of capitalists at a price that was not competitive.
  (c) proved to be a necessary evil in transferring land from public to private ownership.
  (d) was caused by squatters.

[vseab]

Answer to Question 1

C

Answer to Question 2

(c)