Author Question: Monetarists believe that: a. velocity is constant. b. velocity is highly predictable. c. there ... (Read 80 times)

K@ · **on:** Jun 30, 2018

Monetarists believe that:
a. velocity is constant.
b. velocity is highly predictable.
c. there are three motives for demanding money.
d. changes in the money supply cause changes in velocity.
e. a change in the money supply can affect real GDP.

Question 2

Unemployment caused by a recession is called:
a. structural unemployment.
b. frictional unemployment.
c. involuntary unemployment.
d. cyclical unemployment