What two theories argue that fluctuations in output are determined by aggregate supply? Discuss the role of monetary policy in each of these models.
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Q15: Will systematic and,therefore,predictable changes in aggregate demand
Q16: What theories argue that fluctuations in output
Q17: According to the monetarists and new classical
Q18: What do each of the major modern
Q19: The Keynesian model agrees with monetarists and
Q21: Which of the following is the most
Q22: Assuming that there is an excess supply
Q23: With respect to the demand side,the classical
Q24: The degree to which monetary forces are
Q25: Which of the following statements is (are)correct?
A)There
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