The monetarist statistical evidence examines the correlations between both ________ and ________ with ________.
A)money;aggregate spending;the unemployment rate
B)money;autonomous expenditures;the unemployment rate
C)money;consumption spending;aggregate spending
D)money;autonomous expenditures;aggregate spending

Question

Quizplus · Accepted Answer

Monetarists believe that economic activity is primarily determined by changes in the money supply and the velocity of money. The statistical evidence they consider examines the correlations between money (the money supply) and autonomous expenditures (investment spending and exports, which are not affected by changes in income or interest rates) with aggregate spending (GDP). The unemployment rate is not typically the primary focus of monetarist analysis.

The Monetarist Statistical Evidence Examines the Correlations Between Both ________