Multiple Choice
Milton Friedman in his book on consumption function, discussed the importance of _____, rather than _____, to understand consumer spending.
A) savings;expenditure
B) permanent income;current income
C) money supply;real output
D) wages;savings
E) real output;prices
Correct Answer:
Verified
Correct Answer:
Verified
Q89: Traditional Keynesians argued that when wages are
Q90: The Federal Reserve System is an independent
Q91: What is the main difference between new
Q92: New Keynesians argue that a decrease in
Q93: Assume that workers have perfect information about
Q94: _ believe that a government that takes
Q96: Traditional classical economists believe that:<br>A)wage rates are
Q97: New classical economists believe that wages are
Q98: According to the monetarists, government intervention can
Q99: New classical economists believe that:<br>A)market failure on