All of the following are TRUE of monetarism in the United Kingdom EXCEPT that it
a. reflected a radical change from the postwar consensus regarding economic management.
b. signaled a rejection of Keynesian economics.
c. called for a widespread nationalization of industries.
d. assumed that there is a natural rate of unemployment set by the market.
e. indicated that government intervention in the economy should be limited to the manipulation of the money supply to keep inflation low.
c
You might also like to view...
The caucus system of nominating candidates is oriented toward __________
a. college students b. low-income voters c. parents of young children d. political parties
________ refers to the negotiations between an employer and a labor union to set wages, benefits, and working conditions
A. Lobbying B. Contracting C. Reapportionment D. Collective bargaining E. Gerrymandering