The Major Limitation of Both the Keynesian Approach and the Monetarist

Multiple Choice

The major limitation of both the Keynesian approach and the monetarist approach is that both

A) focus on the determination of interest rates to the exclusion of price levels.
B) study the determination of real GDP equilibrium without including the price level.
C) are ways of studying the aggregate demand curve, but to learn anything about the price level and output, the aggregate supply curve must be included in the analysis.
D) concentrate on interest rates without considering changes in consumption or net exports.