According to the monetarists,
a. stable growth in the money supply is needed for economic stability.
b. aggregate demand is unstable, mostly because of unstable investment demand.
c. there is a need for fiscal policies to stabilize output.
d. stable money growth is not needed for the economy to be stable.
A
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The ________ is defined as the ratio of the dollar price of a basket of goods and services in the U.S., divided by the dollar price of the same basket of goods and services in a foreign county
A) real exchange rate B) ordinal exchange rate C) nominal exchange rate D) expected exchange rate
Over the years, U.S. government spending has ________
A) increased but government revenue has decreased B) decreased but government revenue has increased C) decreased and government revenue has also decreased D) increased and government revenue has also increased