Author Question: While the classicists believed that both velocity and output are stable, Keynesians believe: a. ... (Read 59 times)

Lobcity · **on:** Jun 30, 2018

While the classicists believed that both velocity and output are stable, Keynesians believe:
a. velocity is stable and output is variable.
b. velocity and output are both variable.
c. output is stable and velocity is variable
d. the same as the classical economists that both output and velocity are stable
e. at low levels of income both velocity and output are stable, but at high levels of income velocity becomes variable.

Question 2

Whom does the Bureau of Labor Statistics include in the discouraged workers group?
a. All those between 16 and 65 who are neither disabled nor in an institution and are also neither employed nor seeking employment.
b. Civilian labor force members who have chosen early retirement because they dislike their work or think the pay is too low.
c. Members of the noninstitutional population who say they want to be employed but aren't searching for a job.
d. Members of the civilian labor force who are looking for a job but cannot find one.
e. Anyone in the population who is not working.