In the Keynesian theory of money demand, a. the velocity of ...

[Jkov05]

In the Keynesian theory of money demand,
 
  a. the velocity of money is constant.
  b. the marginal propensity to hold money is constant.
  c. money is held in part because it is an asset.
  d. interest rates are fixed.
  e. none of the above.

Question 2

The calculation of potential output in the United States has been complicated recently by problems in
 
  a. calculating unemployment.
  b. distinguishing real from nominal income.
  c. calculating a high-employment, or long-run average, level unemployment rate.
  d. measuring depreciation and, therefore, net national product.

[kingfahad97]

Answer to Question 1

C

Answer to Question 2

C