The quantity theory of money originated under
A) classical economics.
B) Keynesian economics.
C) monetarism.
D) supply-side economics.
E) the rational expectationists.
Correct Answer:
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Q9: Which school of economics held that individuals
Q10: Say's law was the centerpiece of
A)Keynesian economics.
B)communism.
C)classical
Q11: The classical economists believed that recessions
A)needed to
Q12: The equation of exchange
A)is GDP = C
Q13: The only school of economics that could
Q15: If M is 2,000,Q is 1,000,and P
Q16: The most prominent classical economist was
A)Karl Marx.
B)Adam
Q17: John Maynard Keynes believed that a recession
Q18: Lowering tax rates was the main priority
Q19: Keynesian economics focused on
A)equally at curing recessions
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