Monetary policy and fiscal policy influence
a. output and prices in the short run and the long run.
b. output and prices in the short run only.
c. output in the short run and the long run.
d. output in the short run only.
d
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The term "fiduciary" comes from the Latin fiducia, which means
A) value. B) gold. C) money. D) trust or confidence.
Which of the following is correct?
a. Keynesians believe there is a direct link between changes in a nation's money supply and changes in expenditures. b. Monetarists believe there is an indirect link between changes in a nation's money supply and changes in expenditures. c. Monetarists believe there is a direct link between changes in a nation's money supply and changes in expenditures. d. Monetarists believe there is no short-term link between changes in a nation's money supply and changes in expenditures. e. Keynesians believe there is no short-term link between changes in a nation's money supply and changes in expenditures.