Which of the Following Is True About Keynesians and Monetarists

question 104

Multiple Choice

Which of the following is true about Keynesians and monetarists with regards to policy intervention?

• A) Keynesians favor the use of fiscal policy to bring the economy back to its potential output while monetarists favor the use of monetary policy to bring the economy back to its potential output.
• B) Keynesians favor active policy intervention to bring the economy back to its potential output while monetarists argue that the uncertain nature of lags renders policy intervention
• Destabilizing.
• C) Keynesians argue that with its shorter and more predictable policy lags, fiscal policy is more effective that monetary policy in bringing the economy back to its potential output, while
• Monetarists argue that monetary policy lags are much shorter and more predictable than fiscal policy lags and therefore more effective in bringing the economy back to its potential
• Output.
• D) While both schools favor the use of intervention policies, Keynesians argue that such policies are more effective at eliminating recessionary gaps while Monetarists contend that they are
• More effective at eliminating inflationary gaps.

Analyze the factors that contribute to group cohesiveness and performance.

Compare and contrast observational methods and self-report methods and discuss their strengths and weaknesses.

Explain the multilevel processes involved in group dynamics and cohesion.

Develop theoretical models to explain social phenomena such as leadership selection within groups.

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Definitions:

Community Groups

Organizations or gatherings of individuals who come together based on shared interests, goals, or characteristics to support one another and work towards common objectives.

Research Findings

The conclusions or outcomes derived from systematically investigating a research question or hypothesis.

Kurt Lewin

A pioneering psychologist known for his foundational work in social psychology, group dynamics, and organizational development.

Academics

Refers to the scholarly activities related to teaching, research, and learning in schools, colleges, or universities.