If the Money Demand Function Is Unstable Then ________

question 64

Multiple Choice

If the money demand function is unstable then ________.

• A) velocity of money is unstable and monetary policy is more effective
• B) monetary policy is ineffective
• C) fiscal policy is more effective than monetary policy
• D) neither fiscal nor monetary policy will impact aggregate output

---

Definitions:

Olaudah Equiano

Olaudah Equiano was an African writer and abolitionist who gained freedom from slavery and wrote "The Interesting Narrative of the Life of Olaudah Equiano," detailing his experiences.

Paxton Boys

A group of Pennsylvania frontiersmen in the 1760s who protested against the leniency of the provincial government's policies towards Native Americans.

Pennsylvania

A state located in the northeastern part of the United States, known for its historical significance and diverse geography.

Suffrage

The right to vote in public elections, a fundamental part of democratic societies that has historically been denied to various groups.