The monetarists believed that
A) the way to fight recessions was by means of fiscal policy.
B) the quantity theory of money has a great deal of validity.
C) recessions generally come about because the Federal Reserve is not allowing the money supply to grow fast enough.
D) the money supply should be allowed to grow at least 8 percent a year.
Correct Answer:
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Q121: The classical quantity theory of money is
Q122: _ economics is most closely associated with
Q123: For the equation of exchange to remain
Q124: A conclusion of the classical macroeconomic model
Q125: According to the equation of exchange,economic logic
Q127: Proponents of the monetarist approach to economic
Q128: Which of the following would be considered
Q129: The _ believed that our economy was
Q130: Which statement is FALSE?
A)MV = GDP
B)PQ =
Q131: The monetarists placed the blame for the
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