Monetarists and classical economists agree that
A) monetary policy is ineffective.
B) the economy is self-stabilizing in the long run.
C) government economic policy is useful in the short run.
D) the interest rate is never important.

Question

Quizplus · Accepted Answer

Both monetarists and classical economists believe in the self-correcting nature of the economy in the long run. They differ in their views on the role of government intervention and monetary policy in the short run.

Monetarists and Classical Economists Agree That