Which Group of Economists Disagrees with Discretionary Monetary Policy in Favor

question 185

Multiple Choice

Which group of economists disagrees with discretionary monetary policy in favor of a monetary rule that prescribes a slow increase in the money supply?

• A) Keynesians
• B) monetarists
• C) supply-side economists
• D) classical economists

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Definitions:

Contemplation Stage

A stage in the Transtheoretical Model of change where an individual is aware of a problem and is seriously considering addressing it but has not yet made a commitment to take action.

Action Stage

In behavior change, the phase where an individual actively implements strategies to alter a behavior, typically following preparation and planning stages.

Preparation Stage

In behavior change models, the preparation stage is when individuals intend to take action in the immediate future, often by planning or strategizing.

Action/Willpower Stage

A phase in the process of changing behavior where the individual applies effort and determination to enact a desired change, often seen in the context of breaking habits or achieving goals.