In the early 1960s,monetarists used reduced-form timing,statistical,and historical evidence to show that
A)fiscal policy had a strong impact on economic activity.
B)monetary policy had a strong impact on economic activity.
C)monetary policy had a weak impact on economic activity.
D)neither monetary nor fiscal policy had a strong impact on economic activity.

Question

Quizplus · Accepted Answer

Monetarists in the early 1960s used reduced-form timing, statistical, and historical evidence to show that monetary policy had a strong impact on economic activity. They argued that changes in the money supply and interest rates could significantly affect aggregate demand and economic growth.

In the Early 1960s,monetarists Used Reduced-Form Timing,statistical,and Historical Evidence to Show