Monetarists Believe That

question 88

Multiple Choice

Monetarists believe that

• A)prices and wages are inflexible or sticky.
• B)both product and resource markets are monopolistic.
• C)velocity is relatively stable.
• D)the economy is more stable when active fiscal and monetary policy are used.

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Definitions:

Quantifier Negation

The process of negating the quantifiers in logical expressions, effectively altering the scope and meaning of the statement.

Universal Generalization

A principle in logic and mathematics that allows for the formulation of a general statement from the observation of particular instances.

Existential Instantiation

A logical rule asserting that if an existential statement is true, there is at least one specific instance of its subject that satisfies its predicate.

Universal Instantiation

A logical rule that allows for the deduction of a particular instance of a statement from a universal statement.