An idea from monetarism that has been absorbed into mainstream macroeconomics would be the
A) effects of aggregate supply shocks on the level of real output and the price level.
B) importance of the effects of changes in the money supply on the economy.
C) use of discretion rather than rules for guiding economic policy in the economy.
D) influence of real changes, such as in technology and resource availability, on the level of output.
Correct Answer:
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Q178: In the rational expectations view,
A)wages are flexible
Q179: Crowding-out results from
A)an increase in the supply
Q182: Mainstream macroeconomics would suggest that fiscal policy
A)affects
Q187: Economist Abba Lerner compared the economy to
Q200: Monetarists take the position that monetary policy
A)
Q225: The most likely advocates for a monetary
Q230: "Targeting the forecast" is the policy that
Q232: The view that anticipated changes in the
Q236: The mainstream view is that macro instability
Q237: According to economist Milton Friedman, a major
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