Which of the following is an important issue in the Keynesian-monetarist debate?
A) The relative importance of international policy.
B) The nature of the transmission mechanism through which a change in employment affects the economy.
C) The shape of the supply-demand curve.
D) The shape of the investment-demand curve.
Correct Answer:
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Q23: If the velocity of money = 1,
Q24: Which of the following is a belief
Q27: According to Keynes:
A) monetary policy acts directly
Q30: Which of the following is true?
A) Keynesians
Q31: Most monetarists recognise that:
A) the velocity of
Q32: The equation of exchange (MV = PY)
Q33: Monetarists and classical economists assume that:
A) stimulative
Q76: According to classical economists,
A) prices are rigid.
B)
Q87: According to the quantity theory of money,
Q204: Which of the following is a reason
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