When comparing the Keynesian and monetarist approaches, the only substantive difference is that
a. the Keynesian equation leads to a prediction of real GDP; the monetarist equation leads to a prediction of nominal GDP.
b. Keynesians concentrate on aggregate demand and monetarists concentrate on aggregate supply.
c. Keynesians approach aggregate demand by multiplying the money supply by velocity, while monetarists use the equilibrium conditions of the expenditure schedule.
d. Keynesian analysis suggests that money affects consumption first while monetarist analysis suggests that money affects investment spending first.
a
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Strictly speaking, which has a cost?
A) A decision B) A cup C) A cup of diamonds D) A gallon of water E) Checking accounts that charge fees for deposits below $100
Which of the following futures contracts is available on the various commodity exchanges in the United States?
A) Treasury bond futures B) Investment-grade bonds C) Over-the-counter stocks D) U.S. savings bonds
Refer to the above figure. Which panel is consistent with the Fed selling bonds?
A) Panel A B) Panel B C) Panel C D) Panel D
A union requirement that a fireman has to be hired to work in a diesel locomotive would be an example of
A) work expansion. B) featherbedding. C) work requirements. D) work stabilization.