The Monetarist-Keynesian Debate on the Importance of Monetary Policy Is

Multiple Choice

The monetarist-Keynesian debate on the importance of monetary policy is unresolved because monetarists and Keynesians focus on two different types of evidence that generate conflicting conclusions. Monetarists tend to focus on

A) structural-model evidence,while Keynesians focus on reduced-form evidence.
B) reduced-form evidence,while Keynesians focus on structural-model evidence.
C) reduced-form evidence,while Keynesians focus on direct-model evidence.
D) structural-model evidence,while Keynesians focus on direct-model evidence.