The Difference Between the Monetarist and Keynesian Views on Discretionary

question 11

Multiple Choice

The difference between the monetarist and Keynesian views on discretionary monetary policy is that the monetarists

• A)believe monetary policy is a stabilizing force and Keynesians believe it is primarily destabilizing.
• B)Keynesians think that monetary policy is always used effectively.
• C)believe monetary policy is a destabilizing force and Keynesians believe it is potentially stabilizing.
• D)favor "fine tuning" the economy by use of monetary policy while the Keynesians do not.

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Definitions:

Job Enlargement

An approach to increase the number and variety of tasks that an employee performs to enhance job satisfaction.

Specialized Jobs

Positions that require a specific set of skills or knowledge in a particular area or field.

Job Rotation

A human resources strategy where employees are systematically moved between different jobs or tasks to gain experience and skills.

Work Simplification

The process of increasing efficiency by reducing the complexity of tasks and processes, often involving the elimination of unnecessary steps.