Multiple Choice
Which school of thought believes that expansionary monetary policy affects only prices, not output? I. classical macroeconomics
II) Great Moderation consensus
A) I only
B) II only
C) I and II
D) Neither I nor II
Correct Answer:
Verified
Correct Answer:
Verified
Q243: Christina believes that shifts in aggregate demand
Q244: Friedman favored:<br>A) activist monetary policy to stabilize
Q245: If crowding out occurs:<br>A) increases in consumption
Q246: The real business cycle theorists say that
Q247: The Great Moderation consensus about macroeconomic policy
Q249: Macroeconomic policy activism:<br>A) is the use of
Q250: Classical economists did NOT believe that:<br>A) there
Q251: A hypothesis that individuals base their expectations
Q252: The consensus is that the Great Depression
Q253: Real business cycle theory argues that:<br>A) changes