The third monetarist proposition asserts that in the short run,
a. changes in money demand are the dominant factor causing cyclical movements in output and employment.
b. money supply is only one of many factors resulting in cyclical movements in output and employment.
c. money primarily influences the price level and other nominal magnitudes.
d. None of the above
Question 2
Prices, on average, increased in the food market; the demand for food had simply grown faster than supply from the end of the Civil War in 1865 to the beginning of World War I in 1913.
Indicate whether the statement is true or false
The characteristically small and relatively short-legged reindeer from Svalbard
The rate of evolution in short and longÂÂÂlived plants
The population of Asia increases rapidly, the demand for food and water is also growing
Economic recession in 2008 saw a small decrease in demand
The Economics of Money, Banking and Financial Markets, Business School Edition
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...