In the 1960s, the Monetarist School of Thought Held That

Multiple Choice

In the 1960s, the monetarist school of thought held that:

A) fiscal policy was more powerful in determining output fluctuations.
B) there is a long- run tradeoff between inflation and unemployment.
C) monetary policy was not powerful in determining output fluctuations.
D) efforts to fine- tune the economy are likely to do more harm than good.
E) monetary and fiscal policy could explain most of the output fluctuations in U.S. history.