Multiple Choice
Which of the following is a belief of the monetarists?
A) They think the Great Depression was made worse by poor conduct of monetary policy.
B) They believe monetary policy is transmitted to the economy only through its effect on interest rates and planned investment.
C) They believe that the interest-investment curve is horizontal.
D) They believe the crowding-out effect is insignificant.
Correct Answer:
Verified
Correct Answer:
Verified
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