Multiple Choice
In response to the early Keynesians,monetarists contended that
A) monetary policy during the Great Depression was not easy.
B) bank failures during the Great Depression were not the cause of the decline in the money supply.
C) evidence from the Great Depression demonstrated the ineffectiveness of monetary policy.
D) there is a weak link between interest rates and investment spending.
Correct Answer:

Verified
Correct Answer:
Verified
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