Keynes and many of his contemporaries believed that money was
A) major importance because the idea of the liquidity trap only came later.
B) even more important than fiscal policy.
C) little importance and monetary policy of little use as a stabilization tool.
D) major importance but of little use as a stabilization tool.
E) none of the above.
Correct Answer:
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Q1: In the Monetarist model,the long-run holds when
A)the
Q2: The difference between the monetarist and Keynesian
Q4: Compare and contrast the Monetarist theory of
Q5: In the modern Keynesian model,velocity
A)varies positively with
Q6: Which of the following is not a
Q7: Milton Friedman and others view the instability
Q8: Compare and contrast the monetarist and Keynesian
Q9: What do Monetarists believe about the slope
Q10: Compare and contrast the long-run and short-run
Q11: What do Keynesians believe caused the Great
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