Multiple Choice
The activist response to the monetarist platform says that
A) private spending may show some stability,but monetary or fiscal policy designed to stabilize it will just make things worse.
B) private spending is stable partly because consumption spending is based on permanent income.
C) even if prices are not completely flexible in the short-run,given time there is enough flexibility for the system to return to the natural level of real GDP.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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