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.

Question

Quizplus · Accepted Answer

Monetarists believe that while velocity is not constant, it is predictable and follows a stable pattern over time, allowing them to use it in their economic models.

Monetarists Accept the Idea That Velocity Is Not Constant; Nonetheless