Which group of economists believes that there is a natural rate of output that is relatively immune to short-run fluctuations in aggregate demand?
A)Supply-siders.
B)Keynesians.
C)Monetarists.
D)Fiscal economists.

Question

Quizplus · Accepted Answer

Monetarists believe that there is a natural rate of output that is determined by long-term supply-side factors such as technology, capital investment, and labor force growth, and that short-run fluctuations in aggregate demand caused by macroeconomic policies will only temporarily deviate the economy from this natural rate.

Which Group of Economists Believes That There Is a Natural