Most Economists Tend to Agree That

question 27

Multiple Choice

Most economists tend to agree that

• A) Milton Friedman's models are best.
• B) changes in the money supply merely influence the velocity of circulation.
• C) the money supply should be decreased when the economy is in a serious depression.
• D) inflation is rarely a serious problem.
• E) increases in the money supply result in increases in nominal GDP.

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Definitions:

Uniport

A type of transporter in cell membranes that moves a single type of molecule in one direction across the membrane.

Embarrassment

A feeling of self-consciousness, shame, or awkwardness that occurs when private aspects of the self are exposed or when failing to meet social expectations.

Participating

The act of taking part or being actively involved in an activity or event.

Education

A systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.