Classical economists traditionally believed that:
a. there are three motives for demanding money.
b. a change in the money supply can affect real GDP.
c. the transactions demand for money influences the velocity of money.
d. the velocity of money is constant.
e. the economy does not always operate at full employment.
Question 2
It is difficult for cyclically unemployed individuals to find jobs because:
a. they do not meet the qualifications required for the available jobs.
b. the economy is in a recession.
c. they quit their last job and employers view them with suspicion.
d. they have not looked long enough to find a job.
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