Which of the following ideas reflect the Monetarist macroeconomic model?
i) The Monetarist model supports the Classical model, in general.
ii) Decreases in the growth rate of the quantity of money trigger recessions.
iii) Government intervention is an appropriate tool to steady the economy.
A) i and ii B) ii and iii C) i only D) i, ii and iii E) i and iii
A
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The takeover process dissipates capital, making it an inefficient market mechanism.
Answer the following statement true (T) or false (F)
When a firm’s fixed cost increases,
A. the firm needs to adjust its price and quantity to restore the profit maximum. B. it would not need to change output. C. marginal cost increases. D. variable cost increases.
Any point inside a production possibilities curve indicates that the economy is using all its available resources and technology
Indicate whether the statement is true or false
Inflation can be caused by
a. increases in aggregate demand only b. increases in aggregate supply only c. decreases in aggregate supply only d. increases in aggregate supply or decreases in aggregate demand e. increases in aggregate demand or decreases in aggregate supply