Monetarists say that fiscal policy, such as a tax cut, will only affect the level of real GDP if it entails a change in the supply of money.

Name: Monetarists say that fiscal policy, such as a tax cut, will only affect the level of real GDP if it entails a change in the supply of money.
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Monetarists believe that fiscal policy impacts real GDP only if it influences the money supply, as they emphasize the role of money supply in determining economic output.

Monetarists Say That Fiscal Policy, Such as a Tax Cut