An Idea from Monetarism That Has Been Absorbed into Mainstream

question 247

Multiple Choice

An idea from monetarism that has been absorbed into mainstream macroeconomics would be the

• A) effects of aggregate supply shocks on the level of real output and the price level.
• B) importance of the effects of changes in the money supply on the economy.
• C) use of discretion rather than rules for guiding economic policy in the economy.
• D) influence of real changes, such as in technology and resource availability, on the level of output.

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Definitions:

Deficits

Shortcomings or inadequacies in quantities or qualities compared to a standard or expected level.

Deficits In Communication

Refers to impairments or limitations in the ability to effectively exchange information, ideas, needs, or emotions with others.

Repetitive Patterns

Refers to sequences or designs that are regularly recurring, often seen in behaviors, textiles, and various forms of art.

Severe Depressive Symptoms

Intense and enduring symptoms of depression, including profound sadness, lethargy, and a lack of interest in life.