Which group of economists believes that there is a natural rate of output that is relatively immune to short-run fluctuations in aggregate demand?
A)Supply-siders.
B)Keynesians.
C)Monetarists.
D)Fiscal economists.

Question

Quizplus · Accepted Answer

Monetarists believe that there is a natural rate of output that is determined by the long-run supply side of the economy, including factors such as technology, resources, and institutions. They argue that attempts to stimulate aggregate demand through monetary or fiscal policies will only result in temporary increases in output and employment, as the economy will eventually return to its natural rate. This is known as the "monetarist view of the business cycle."

Which Group of Economists Believes That There Is a Natural