The Keynesian school of thought is that expansionary monetary policy has very little or no effect on output.
Correct Answer:
Verified
Q241: According to the Great Moderation consensus, fiscal
Q242: Classical macroeconomists believed that government could reduce
Q243: The slump that followed the 2008 financial
Q244: The Great Moderation consensus includes the belief
Q245: The natural rate hypothesis suggests there are
Q247: The classical macroeconomists believed that fiscal policy
Q248: Most economists believe that the budget should
Q249: The Great Moderation consensus is the school
Q250: Monetarists argued that fiscal policy was ineffective
Q251: The period of relative calm in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents