In the monetarist view, a bond-financed increase in government spending would have a strong effect on real output in
a. both the short run and the long run.
b. the short run but not the long run.
c. the long run but not the short run.
d. neither the short run nor the long run.
D
Economics
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a. True b. False Indicate whether the statement is true or false
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Paul Volcker's inflation reduction efforts
a. failed to reduce inflation. b. failed to reduce expected inflation. c. resulted in the highest unemployment rate since the Great Depression. d. none of the above are correct.
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