A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the ?

Related Mcqs:

The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ?

A. consistently overestimate the actual rate of inflation in the future. B. are always correct C. consistently underestimate the actual rate of inflation in the future D. are correct on average, but are subject to errors that are distributed randomly...

The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?

A. the fallacy of composition B. negative entropy. C. hysteresis. D. ceteris paribus...

If the demand for money depends on the interest rate the velocity of circulation is ?

A. not constant and the quantity theory of money does hold. B. constant and the quantity theory of money does hold. C. not constant and the quantity theory of money does not hold. D. constant and the quantity theory of money does not hold....

The quantity theory of money implies that a given percentage change in the money supply will cause ?

A. an equal percentage change in nominal DGP. B. an equal percentage change in real GDP C. a larger percentage change in nominal GDP D. a smaller percentage change in nominal...

It is difficult to determine if the velocity of money is constant over time because ?

A. it is difficult to measure the value of nominal GDP over time B. there has been very little fluctuation in the money supply over time. C. it is difficult to measure the demand for money over time D. whether velocity is constant or not may depend on how the money supply is measure....