Each of the following would have been found in a macroeconomics textbook in 1960 except

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In the 1960s, macroeconomics textbooks would have included discussions on the Solow growth model, the consumption function, and the multiplier. However, they would not have downplayed fiscal policy in favor of monetary policy. At that time, Keynesian economics, which emphasizes the role of fiscal policy in managing economic activity, was dominant. Monetary policy gained prominence later, especially with the rise of monetarism in the 1970s.

Each of the Following Would Have Been Found in a Macroeconomics