Multiple Choice
Pablo believed that short-run changes in aggregate demand affected aggregate output as well as the price level. He believed that there was a role for monetary policy in managing the economy, but he advocated a simple monetary rule that would increase the money supply at a constant rate to grow the economy. Pablo was BEST described as a:
A) Keynesian.
B) new classical economist.
C) supply-sider.
D) monetarist.
Correct Answer:
Verified
Correct Answer:
Verified
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