Which of the following groups believes monetary policy to be effective for fighting inflation but not for changing real output?
A)Keynesian economists.
B)Classical economists.
C)Monetarists.

Question

Quizplus · Accepted Answer

Monetarists believe that monetary policy is effective for fighting inflation but not for changing real output. Classical economists believe that monetary policy is not effective for changing real output or fighting inflation, while Keynesian economists believe that monetary policy can be effective for both fighting inflation and changing real output.

Which of the Following Groups Believes Monetary Policy to Be