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:
Verified
Q199: A mainstream criticism of rational expectations theory
Q200: Monetarists take the position that monetary policy
A)
Q201: According to rational expectations theory, discretionary monetary
Q202: Mainstream economists contend that a policy rule
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents