Which of the following ideas reflect the Monetarist macroeconomic model?
i.The Monetarist model supports the Classical model, in general.
ii.Decreases in the growth rate of the quantity of money trigger recessions. iii)Government intervention is an appropriate tool to steady the economy.

Question

Quizplus · Accepted Answer

Monetarists generally support the Classical model and believe that changes in the money supply can impact economic activity, such as triggering recessions. They typically oppose government intervention as a tool to manage the economy.

Which of the Following Ideas Reflect the Monetarist Macroeconomic Model