Monetarists Can Be Described as a Group of Macroeconomists Who

question 3

Multiple Choice

Monetarists can be described as a group of macroeconomists who

• A) emphasize the importance of the federal government's involvement in the economy to dampen the harmful effects of the business cycle.
• B) emphasize the importance of the money supply as a determinant of macroeconomic activity.
• C) tend to view government spending and taxation policy as the chief means of stabilizing the economy.
• D) feel that money should not be created in the private banking system,but only by government.

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Definitions:

Statistical Tabulating

A process used in data analysis that involves organizing and summarizing data into useful tables which help in understanding the underlying patterns.

Surveyors

Professionals who assess and measure land, property, and construction projects to determine boundaries, dimensions, and the topographical makeup of an area.

Negligent Misstatement

A false statement made carelessly, causing someone to suffer loss or damage because they relied on it.

Under-Insured

A situation in which one's insurance coverage is insufficient to cover the costs of damages or losses incurred.