Monetarists Accept the Idea That Velocity Is Not Constant; Nonetheless

question 20

Multiple Choice

Monetarists accept the idea that velocity is not constant; nonetheless, they believe that it is still highly:

• A) constant.
• B) unpredictable, ill-behaved, and independent of money supply.
• C) unpredictable, well-behaved, and dependent of money supply.
• D) predictable.
• E) variable.

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