Which of the following groups believes that the money supply should be expanded at a steady, predictable rate to ensure a natural rate of unemployment?
A. Monetarists.
B. Keynesians.
C. New classical economists.
D. Supply-siders.
Answer: A
You might also like to view...
Which of the following characteristics does perfect competition share with monopolistic competition?
a. price-taking firms b. zero long-run economic profit c. homogeneous product d. some barriers to entry e. economies of scale in production
Define the efficient markets hypothesis
One way the government can boost the economy out of a recession is:
A. with public announcements telling the public to save their money. B. by increasing government spending. C. by setting price ceilings on most goods so people can afford them. D. None of these will help an economy in recession.
Utility is:
A. revealed by observing choices an individual makes. B. the satisfaction individuals get from different bundles of goods. C. maximized by rational individuals. D. All of these are true.