Monetarists Believe That

question 157

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:

Planetary Gearset

A compact and efficient gear system that consists of one central gear (sun gear), several outer gears (planet gears), and a ring gear, used in various automatic transmissions and mechanical devices.

High Resistances

Refers to elevated levels of electrical resistance within circuits, which can lead to reduced current flow, inefficiencies, and potential overheating.

Voltage Drop Testing

A diagnostic method used to locate resistance or issues in an electrical circuit by measuring the voltage loss between two points under a load condition.

Ohmmeter

An electrical instrument used to measure the resistance of a component or circuit, aiding in troubleshooting and electrical work.