1. The accelerationism model says that fiscal and monetary policy
a. can affect the level of employment both in the short-run and long-run.
b. can never affect the level of employment.
c. can affect the level of employment only in the short-run.
d. can affect the level of employment only in the long-run.
2. Which part of the money supply equation represents aggregate demand?
a. M
b. MV
c. PQ
d. MV = PQ