Author Question: According to the quantity theory of money, a shortage of money should result in deflation (falling ... (Read 91 times)

formula1 · **on:** Jun 30, 2018

According to the quantity theory of money, a shortage of money should result in deflation (falling prices) or negative growth (decreasing quantities of output).

Indicate whether the statement is true or false

Question 2

The Employment Act of 1946, which sets up the Council of Economic Advisers,

(a) was the final legislation of the New Deal.
(b) grew out of the War Manpower Board's experience.
(c) grew out of financial negotiations with Britain.
(d) was the product of New Deal experience with fiscal policy.