Which of the Following Restates the Basic Business Cycle Fact

question 60

Multiple Choice

Which of the following restates the basic business cycle fact that money is procyclical?

• A)Changes in the behaviour of the money stock has been closely associated with changes in economic activity,nominal income,and prices.
• B)Monetary changes have often had an independent origin;they have not been a reflection of changes in economic activity.
• C)The interrelation between monetary and economic changes have been highly stable.
• D)Both A and C are correct.

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