Which of the Following BEST Describes the Relation Between Centration

question 60

Multiple Choice

Which of the following BEST describes the relation between centration and conservation?

• A) Conservation requires centration.
• B) Centration is due to lack of conservation.
• C) Centration is reflected in lack of conservation.
• D) Conservation is independent of centration.

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Definitions:

MV = PQ

An equation of exchange in economics that states money supply times the velocity of money equals the price level times the output (quantity of goods and services produced).

Big Government

A term referring to a government or state perceived as overly involved in the various aspects of societal, economic, and personal lives of its citizens.

Keynesians

Supporters of the economic theories established by John Maynard Keynes, focusing on total spending in the economy and its effects on output and inflation.

Monetarism

A school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation.