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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 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.
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.
Explanation
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Verified
The correct option is the option a. This...
Macroeconomics 11th Edition by Stephen Slavin
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