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All of the Following Are True of Monetarism EXCEPT That

Question 12

Multiple Choice

All of the following are true of monetarism EXCEPT that it


A) reflected a radical change from the postwar consensus regarding economic management.
B) signaled a rejection of Keynesian economics.
C) called for a widespread nationalization of industries.
D) assumed that there is a natural rate of unemployment set by the market.
E) indicated that government should intervene in the economy only by manipulating the money supply to keep inflation low.

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