The monetary rule is the view of the:
a. Keynesians that monetary policy is most important.
b. Monetarists that monetary policy is most important.
c. Classical economists that monetary policy is most important.
d. Monetarists that the Fed should expand the money supply at a constant rate.
d
Economics
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If the quantity of tickets to the fair sold decreases by 10 percent when the price increases by 5 percent, the price elasticity of demand over this range of the demand curve is:
a. price elastic. b. price inelastic. c. perfectly inelastic. d. unitary elastic.
Economics
Which component of current U.S. GDP under the expenditure approach is most likely to be negative?
a. consumption b. government purchases c. net exports d. investment
Economics