Macroeconomics 11th Edition by Stephen Slavin

تمرين 13

Circle the letter that corresponds to the best answer. Which of the following is a basic proposition of monetarism?
A) The key to stable economic growth is a constant rate of increase in the money supply.
B) Expansionary monetary policy will permanently depress the interest rates.
C) Expansionary monetary policy will permanently reduce the unemployment rate.
D) Expansionary fiscal policy will permanently raise output and employment.