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
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.
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
