According to monetarists
A) changes in the money supply are the primary cause of changes in real output and the price level.
B) an expansionary fiscal policy will lower interest rates and thereby tend to over-stimulate the economy.
C) changes in the velocity of money are more important than changes in the money supply in causing the level of economic activity to change.
D) the supply of money changes in response to changes in the levels of real output and prices.
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Q35: Supply-side economists believe that,in general,
A)by raising tax
Q36: Keynesian economists tend to believe that the
Q37: Supply-side economists would say that tax rates
Q38: Which one of the following macroeconomic theories
Q39: Systematic error is most clearly associated with
A)rational
Q41: Most modern monetarists believe that
A)the capitalist system
Q42: Rational expectations refer to
A)the use of all
Q43: Which one of the following statements best
Q44: Milton Friedman,a leading monetarist,believes the Fed should
Q45: Classical economists perceive that
A)investors' expectations about returns
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