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:

Peripheral Route

A method of persuasion that relies on superficial cues rather than the merit of the message.

Cognitive Structures

Cognitive structures are mental frameworks or patterns that guide individuals in understanding the world, organizing information, and making sense of experiences.

Dishonest

Lacking honesty or integrity; prone to lie, cheat, or deceive.

Insincere

Lacking honesty and genuine feelings; not expressing true intentions.