Which of the following groups of economists believe that cost-push inﬂation is impossible in the long run without excessive monetary growth?
A) mainstream economists and monetarists
B) mainstream economists and rational expectations economists
C) monetarists and rational expectations economists
D) mainstream economists, monetarists, and rational expectations economists

Question

Quizplus · Accepted Answer

Monetarists and rational expectations economists both emphasize the role of monetary policy in controlling inflation and generally argue that sustained inflation cannot occur without excessive growth in the money supply.

Which of the Following Groups of Economists Believe That Cost-Push