According to Keynesian economists, monetary policy is __________ effective at changing the price level and Real GDP

A) always
B) sometimes
C) never
D) There is no Keynesian position with respect to monetary policy.

B

Economics

You might also like to view...

When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in

A) U.S. GDP. B) Canada's GDP. C) Brazil's GDP. D) Brazil's GNP.

Economics

Chara pays Jim $2 and receives a cup of coffee in return. This demonstrates money’s function as a ______.

a. unit of account b. medium of exchange c. means of deferred payment d. store of value

Economics