Monetarists believe that discretionary monetary policy, and not discretionary fiscal policy, should be used to correct disequilibrium.
Correct Answer:
Verified
Q81: New classical economists advocate less government intervention
Q82: The new classical school of thought is
Q83: The assumption of wage and price flexibility
Q84: A by-product of the acceptance of the
Q85: New classical economists believe that wages are
Q87: New classical economists contend that both the
Q88: The effect lag occurs because it takes
Q89: Agreeing with Keynesian economists, monetarists believe that
Q90: Monetarists argue that government actions, particularly monetary
Q91: Monetarists and new classical economistsfavor an active
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents