Keynesians and monetarists share the belief that
A)recessions are caused by falls in aggregate demand.
B)the demand for money is stable.
C)excess demand is a chronic problem in modern economies.
D)the Federal Reserve is responsible for most recessions.
E)stabilization policy is beneficial.

Question

Quizplus · Accepted Answer

Both Keynesians and monetarists agree that recessions are often caused by falls in aggregate demand, although they may differ on the solutions to address these recessions.

Keynesians and Monetarists Share the Belief That