Monetarists believe in changes in animal spirits are the factor that leads to business cycles.

Name: Monetarists believe in changes in animal spirits are the factor that leads to business cycles.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Monetarists, such as Milton Friedman, believe that variations in the money supply are the main cause of business cycles, not changes in animal spirits, which is a concept more closely associated with Keynesian economics.

Monetarists Believe in Changes in Animal Spirits Are the Factor