Keynesians Argued That Monetary Policy Would NOT Be Effective If

question 148

Multiple Choice

Keynesians argued that monetary policy would NOT be effective if:

• A) there was a liquidity trap.
• B) the Fed was independent of political pressure.
• C) other countries did not follow monetary policy similar to that of the United States.
• D) no one bought bonds when the Fed conducted open-market operations.

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