Multiple Choice
Which view of the macroeconomy suggests that the speed of adjustment for self-correction would be very quick?
A) monetarism
B) mainstream economics
C) supply-side economics
D) rational expectations theory
Correct Answer:
Verified
Correct Answer:
Verified
Q33: Assume that many households and businesses reduce
Q34: The view that changes in the money
Q35: As monetarists view the equation of exchange,<br>A)
Q36: In the view of real-business-cycle theory, an
Q37: If the economy diverges from its full-employment
Q39: The theory of rational expectations calls for
Q40: Mainstream economists contend that monetary policy tends
Q41: The traditional monetary rule is the idea
Q42: A mainstream criticism of rational expectations theory
Q43: The "real" factors in the real-business-cycle theory