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  book-img-for-question

Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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