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Author Question: According to classical economists, a. prices are rigid. b. both V and Q are variable for an ... (Read 79 times)

imanialler

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on: Jun 30, 2018
According to classical economists,
 a. prices are rigid.
  b. both V and Q are variable for an economy in short-run equilibrium.
  c. changes in M cause changes in V.
  d. the velocity of money is constant.

Question 2

Jamal (now age 54) lost his job. He has very specialized skills that are no longer in demand. Jamal's unemployment is best classified as:
 a. cyclical.
  b. structural.
  c. seasonal.
  d. frictional.
  e. voluntary.


ilianabrrr

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


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