Econometric Models of the U.S.economy Generally Agree

Multiple Choice

Econometric models of the U.S.economy generally agree

A) on the quantitative impact of monetary policy over a horizon of several years.
B) that an increase in money growth will increase output in the short run.
C) that an increase in money growth will decrease output in the short run.
D) that an increase in money growth will decrease output in the long run.
E) that "rational expectations" is the best way to generate policy forecasts.