In the long run,changes in the money supply will NOT change output according to:
A) classical economists and monetarists.
B) classical economists.
C) Keynesian monetary theory.
D) monetarists.

Question

Quizplus · Accepted Answer

Classical economists and monetarists believe that in the long run, changes in the money supply will not change output. This is because they believe that the economy will always adjust to its full employment level, regardless of the money supply.

In the Long Run,changes in the Money Supply Will NOT