The Third Monetarist Proposition Asserts That in the Short Run

question 35

Multiple Choice

The third monetarist proposition asserts that in the short run,

• A)changes in money demand are the dominant factor causing cyclical movements in output and employment.
• B)money supply is only one of many factors resulting in cyclical movements in output and employment.
• C)money primarily influences the price level and other nominal magnitudes.
• D)None of the above

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Definitions:

Patriarchy

is a social system in which men hold primary power and dominate in roles of political leadership, moral authority, social privilege, and control of property.

Circulation of Blood

The continuous movement of blood through the heart and blood vessels, which delivers nutrients and oxygen to all parts of the body and removes waste products.

Heart

A muscular organ in most animals, including humans, which pumps blood through the blood vessels of the circulatory system.

Essential Attributes

Characteristics or features that are fundamental or necessary to the identity, nature, or function of something.