________ believe that real output is determined by aggregate supply.
A) Keynesians
B) Socialists
C) Communists
D) Monetarists

Question

Quizplus · Accepted Answer

Monetarists believe that real output is determined by the aggregate supply of goods and services in the economy, rather than by the level of aggregate demand. They argue that changes in money supply can have a significant impact on the output level in the short run, and that the long-run aggregate supply is largely determined by the productivity of the economy's resources.

________ Believe That Real Output Is Determined by Aggregate Supply