At the potential level of output, there is no seasonal ...

[leilurhhh]

At the potential level of output, there is no seasonal unemployment.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If real output and velocity are stable and predictable, then the equation of exchange can be used to derive a simple relationship between:
 a. the money supply and the price level.
 b. the money supply and the interest rate.
 c. the money supply and the foreign exchange rate.
  d. unemployment and aggregate demand.
 e. unemployment and nominal GDP.

[ankilker]

Answer to Question 1

False

Answer to Question 2

a