Multiple Choice
_____________ believe that when the money supply exceeds the amount of money demanded, the public will spend more rapidly, causing real economic activity or prices to rise. They also believe that a too-rapid rate of growth in the money supply will ultimately result in rising prices or inflation because excess money will be used to bid up the prices of existing goods.
A) Monetarists
B) Keynesians
C) Neo Classicalists
D) Walraisians
Correct Answer:
Verified
Correct Answer:
Verified
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