Describe two basic differences between the mainstream and monetarist economic theories.
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Q236: The mainstream view is that macro instability
Q237: According to economist Milton Friedman, a major
Q238: Mainstream economists think that the best way
Q239: Monetarists argue that V in the equation
Q240: Real-business-cycle theory views changes in resource availability
Q242: A coordination failure is said to occur
Q243: Monetarists and rational expectations theorists believe that
Q244: Rational expectations theory suggests that people make
Q245: In real-business-cycle theory, real output can change
Q246: In rational expectations theory, a fully anticipated
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