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Author Question: Wage rates are typically flexible upward but sticky downward. a. True b. False Indicate whether ... (Read 81 times)

magmichele12

  • Hero Member
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  • Posts: 559
on: Jun 30, 2018
Wage rates are typically flexible upward but sticky downward.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following statements about the velocity of money in the U.S. is correct?
 a. From 1915 to 1947, the velocity of M1 increased.
 b. From 1947 to 1973, the velocity of M1 decreased.
 c. The growth in the velocity of money was steady in the 1970s.
 d. The velocity of money has remained more or less stable post 1980s.
  e. ATM machines and credit cards have increased the velocity of money.


zacnyjessica

  • Sr. Member
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  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


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