In the Monetarist model,how long is the long-run? How does the transition between the long run and the short run take place?
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Q13: The classical and Monetarist models agree that
A)the
Q14: Keynesians argue that the interest elasticity of
Q15: The monetarists would expect a tax cut
Q16: Keynesians believe that the interest elasticity of
Q17: During the Great Depression,the money supply fell
Q19: If interest rates rise,then velocity should _
Q20: If interest rates rise,what happens to the
Q21: The Monetarist model differs from the classical
Q22: Friedman and others view changes in velocity
Q23: Monetarists emphasize
A)crowding-out but not the liquidity trap.
B)crowding-out
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