Which of the Following Groups Believes Monetary Policy to Be

question 71

Multiple Choice

Which of the following groups believes monetary policy to be effective for fighting inflation but not for changing real output?

• A)Keynesian economists.
• B)Classical economists.
• C)Monetarists.
• D)Neo-Keynesian economists.

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Definitions:

Collectivist Cultures

Societies that prioritize the needs and goals of the group over individual desires, emphasizing interdependence, family ties, and social harmony.

Individualist Cultures

Societies that prioritize the needs and goals of the individual over the needs and goals of the group.

Solomon Asch

A psychologist known for his research on conformity and social pressure.

Stanley Milgram

An American social psychologist best known for his controversial experiments on obedience to authority conducted in the 1960s.