3 Indicate how monetarists and Keynesians differ on the following issues. (a) The impact of monetary policy

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3 Indicate how monetarists and Keynesians differ on the following issues.

(a) The impact of monetary policy on the levels of output and employment

(b) The impact of fiscal policy on the levels of output and employment

(

c) The major cause of economic instability

(d) The likelihood that discretionary macropolicy will stabilize the economy

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