According to Monetarist philosophy, a. money is neutral. b. fiscal policy is useless at managing the economy
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Question:
According to Monetarist philosophy,
a. money is neutral.
b. fiscal policy is useless at managing the economy due to the high sensitivity of investment to the real interest rate.
c. monetary policy is particularly adept at managing the economy due to the high sensitivity of investment to the real interest rate.
d. monetary policy is better policy tool for managing the economy than fiscal policy.
Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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