Multiple Choice
In the 1960s,the monetarist school of thought held that
A) monetary and fiscal policy could explain most of the output fluctuations in U.S. history.
B) there is a long-run tradeoff between inflation and unemployment.
C) efforts to fine-tune the economy are likely to do more harm than good.
D) all of the above
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Stagflation refers to<br>A)a reduction in inflation.<br>B)a simultaneous
Q13: The existence of menu costs are often
Q14: Discuss research on the role of banks
Q15: The intellectual leader of new classicals is<br>A)Edward
Q16: A core belief of modern macroeconomics is
Q18: Milton Friedman attributed the Great Depression primarily
Q19: Explain what is meant by liquidity preference.
Q20: Economist _ shows the "limits of arbitrage."<br>A)Doug
Q21: The crisis reflects a major intellectual failure
Q22: The theories of consumption were developed by<br>A)Friedman