The Major Difference Between the Keynesian Approach and the Monetarist

question 190

Multiple Choice

The major difference between the Keynesian approach and the monetarist approach is that

• A)Keynesian analysis explains an equilibrium condition and monetarism does not.
• B)in Keynesian analysis, money affects the economy by first affecting interest rates; monetarist analysis is not limited to working through interest rates.
• C)monetarism explains an equilibrium condition and Keynesian analysis does not.
• D)there are no differences.

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Definitions:

Greenish-Black Waste

Typically refers to meconium, the early stool of an infant, which is thick, sticky, and greenish-black in color.

Meconium

The earliest stool of a mammalian infant, composed of materials ingested during the time the infant spends in the uterus.

Physiologic Jaundice

A common and usually harmless condition in newborns that results in yellowing of the skin and eyes due to the breakdown of excess red blood cells.

Brazelton Neonatal

Referring to the Brazelton Neonatal Behavioral Assessment Scale (NBAS), a tool used to evaluate neurological development, behavioral functioning, and emotional interaction in newborns.