Which of the following is true?
A. Keynesians advocate decreasing the money supply during economic recessions but increasing the money supply during economic expansions.
B. Monetarists advocate increasing the money supply by a constant rate year after year.
C. Keynesians argue that the crowding-out effect is rather large.
D. Monetarists argue that the crowding-out effect is rather insignificant.
Answer: B
Economics
You might also like to view...
Behavior designed to take account of the reactions of one’s rivals to one’s own behavior.
Economics
The slope of a curve measures
A) only the change in the horizontal variable. B) the length of the curve. C) only the change in the vertical variable. D) the change in one variable in response to the change in the other variable.
Economics