Monetarists believe that inflation is caused by the government making mistakes in its monetary policy.
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Q121: The key difference between the Keynesian theory
Q122: The multiplier is the inverse of the
Q123: A rise in the marginal propensity to
Q124: According to the equation of exchange (or
Q125: Monetarist models of inflation have generally assumed
Q127: In the quantity equation MV = PY,
Q128: Monetarists argue that M and V vary
Q129: Monetarists say that inflation is caused solely
Q130: In the quantity equation MV = PY,
Q131: A inflationary gap occurs when GDP is
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