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 no short-term link between changes in a nation's money supply and changes in expenditures.
c. Keynesians believe there is no short-term link between changes in a nation's money supply and changes in expenditures.
d. Keynesians believe there is an indirect link between changes in a nation's money supply and changes in expenditures.
e. None of the above.
.D
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Which of the following would be an example of expansionary fiscal policy?
A) An increase in the individual income tax rate. B) Extending the period in which unemployed workers can collect unemployment benefits. C) A decrease in the amount of federal grants given to college students D) A decrease in interest rates.
A monopolistic competitor does not earn profits in the long run unless it can successfully differentiate its product in the minds of its consumers
Indicate whether the statement is true or false