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:

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The highest court in the U.S. state of Florida, with authority over state legal matters and interpretations of Florida law.

Principle of Supremacy

The doctrine that European Union law takes precedence over national laws of member states.

Constitutional Objection

A challenge or opposition based on the belief that a law, policy, or action violates the constitution.

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A contract between nations that outlines how they will work together to ensure mutual benefits in trade.