True/False
Keynes argued that fiscal policy, not monetary policy, is needed to get an economy out of the liquidity trap.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q223: If the Federal Reserve tries to target
Q224: With regard to the long-run effects of
Q225: If the Federal Reserve followed Milton Friedman's
Q226: When the interest rate falls, American bonds
Q227: Monetarists believe that decreases in the money
Q229: In the equation of exchange, if M
Q230: In the short run, Keynesian monetary analysis
Q231: An increase in the money supply will
Q232: To slow down a high inflation rate,
Q233: If the Federal Reserve sets a fixed