For both Keynesians and monetarists to predict accurately the effects of a change in the money supply on the price level, they need to add ____ to their analysis.

Question

Quizplus · Accepted Answer

Both Keynesians and monetarists need to add aggregate supply to their analysis to accurately predict the effects of a change in the money supply on the price level. This is because changes in the money supply can affect both aggregate demand and aggregate supply, and it is important to consider the interplay between the two in order to assess the overall impact on the price level.

For Both Keynesians and Monetarists to Predict Accurately the Effects