4. Indicate how monetarists and Keynesians differ on the following issues: (a) The impact of monetary policy
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4. Indicate how monetarists and Keynesians differ on the following issues:
(a) The impact of monetary policy on the level of output and employment
(b) The impact of fiscal policy on the level 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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Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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