Describe the contrasting views of the Keynesians and the monetarists with regard to an appropriate contractionary (tightening)

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Describe the contrasting views of the Keynesians and the monetarists with regard to an appropriate contractionary (tightening) policy to bring an economy out of a period of high inflation caused by excess aggregate demand.

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Jul 29, 2013 12:42 AM

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Describe the contrasting views of the Keynesians and the monetarists with regard to an appropriate contractionary (tightening)

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Keynesians argue for contractionary fiscal and monetary policies that entai...View the full answer

Economics of Money, Banking and Financial Markets

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