Monetarists Argue That

question 119

Multiple Choice

Monetarists argue that

• A)The velocity of money is constant.
• B)Fiscal policy puts idle money balances to work,which reduces V.
• C)When there is a recession,people accumulate money balances,which increases V.
• D)The velocity of money increases as much as total spending falls so that MV remains constant.

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Definitions:

Confrontational

An approach or behavior that involves direct and sometimes aggressive expression of opinions or demands.

Skeptical

Having doubts or reservations; questioning the validity or authenticity of something.

Opiate Withdrawal

Symptoms that occur when discontinuing or reducing intake of opiate drugs, characterized by agitation, nausea, pain, and other physical effects.

Naloxone

A medication used to counteract the effects of opioid overdose, rapidly restoring normal respiration to a person whose breathing has slowed or stopped.