Author Question: The natural rate of unemployment includes frictional, cyclical, and structural unemployment. a. ... (Read 77 times)

APUS57 · **on:** Jun 30, 2018

The natural rate of unemployment includes frictional, cyclical, and structural unemployment.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The quantity theory of money states that if the velocity of money is stable or at least predictable, then:
a. the quantity of money in circulation determines real GDP in the short run.
b. the quantity of money in circulation determines aggregate spending.
c. the quantity of money in circulation determines both real GDP and the price level in the long run.
d. the quantity of money in circulation determines only the price level in the long run.
e. the quantity of money in circulation determines the potential output in the long run.