According to the Monetarists,average inflation is higher today than it was a hundred years ago because of
A) the lack of fiscal responsibility.
B) the increased use of stabilization policy.
C) high interest rates,which increase the cost of borrowing.
D) unstable investment demand.
E) unstable money demand.
Correct Answer:
Verified
Q1: In the Keynesian view,
A)the short-run Phillips curve
Q3: Assume that there is a positive supply
Q4: According to the theory of the natural
Q5: Stagflation can be explained by a
A)shift in
Q6: In the monetarist view,the long-run Phillips curve
Q7: In the long run,according to Monetarists
A)the natural
Q8: The rate of unemployment can be calculated
Q9: Monetarists assume that suppliers of labor
A)always have
Q10: In the Keynesian model,and increase in government
Q11: If Keynesians acknowledge that there does exist
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