Early Keynesians concluded that changes in monetary policy had no impact on aggregate output because early empirical studies found no linkage between movements in ________ and ________.
A)nominal interest rates;investment spending
B)real interest rates;investment spending
C)money supply;aggregate output
D)investment spending;aggregate output

Question

Quizplus · Accepted Answer

The Answer of Early Keynesians concluded that changes in monetary policy had no impact on aggregate output because early empirical studies found no linkage between movements in ________ and ________.
A)nominal interest rates;investment spending
B)real interest rates;investment spending
C)money supply;aggregate output
D)investment spending;aggregate output

Early Keynesians Concluded That Changes in Monetary Policy Had No