As a result of recent empirical research, there has been a convergence of Keynesian and monetarist opinion to the view that
A) money is all that matters.
B) money does matter.
C) money does not matter.
D) fiscal policy is all that matters.
B
Economics
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Why don’t identical shifts in government spending and taxes have the same effect on GDP?
What will be an ideal response?
Economics
Suppose there are two countries (country A and country B) each with its own currency (Currency A and Currency B). Suppose the exchange rate is expressed in terms of amount of Currency B needed to get Currency A. A weakening of Currency A would show up as
A. a decrease in the exchange rate. B. an increase in the exchange rate. C. a decrease in the interest rate. D. an increase in the interest rate.
Economics