Which of the following schools of thought emphasize the role of money supply in determining equilibrium real GDP and price level?
A) Traditional Keynesian economics
B) New Keynesian economics
C) New classical economics
D) Classical economics
E) Monetarist economics
Correct Answer:
Verified
Q26: The school of thought that assumes that
Q27: According to the new Keynesians:
A)prices adjust to
Q28: Monetarists believe that:
A)the government should follow a
Q29: Monetarists think that the government:
A)should take an
Q30: Monetarists believe that in the short run:
A)the
Q32: According to the monetarists, deliberate government intervention:
A)will
Q33: "The market is not a self-regulating mechanism
Q34: _ have faith in the free market
Q35: Milton Friedman in his book on consumption
Q36: "The dramatic reduction of the money supply
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