Multiple Choice
Which of the following best describes the assumption that monetarists make regarding velocity?
A) Velocity is fairly predictable in the short run and certainly in the long run.
B) It is not possible to predict velocity in the short or long run.
C) Velocity is variable in the long run but predictable in the short run.
D) Velocity is constant in the long run but variable in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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