The Monetarist Model Expands the Keynesian Model by Proposing That

question 66

Multiple Choice

The Monetarist model expands the Keynesian model by proposing that

• A)the government should lower taxes promote economic growth.
• B)decreases in the quantity of money lead to higher interest rates.
• C)markets should be left alone to determine the optimal outcome.
• D)decreases in the growth rate of the quantity of money trigger expansions by controlling inflation.
• E)decreases in tax rates generate higher consumption.

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Definitions:

Filial piety

A virtue of respect and devotion to one's parents and ancestors in many cultures, particularly influential in Confucian societies.

Cultural experiences

Interactions, practices, and activities that give individuals insight into or an understanding of different cultures, traditions, and ways of life.

Social organizations

Structured groups of people who come together to pursue common interests or fulfill societal functions, such as families, businesses, and governmental bodies.

Openness

The quality of being open and willing to receive new ideas, feedback, or experiences.