For Both Keynesians and Monetarists to Predict Accurately the Effects

question 9

Multiple Choice

For both Keynesians and monetarists to predict accurately the effects of a change in the money supply on the price level, they need to add ____ to their analysis.

• A)aggregate demand
• B)nominal GDP
• C)real GDP
• D)aggregate supply
• E)government spending

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Definitions:

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Responsibility

The obligation to carry out tasks, duties, or roles effectively and to be accountable for the outcomes.

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A feeling of deep satisfaction derived from one's own achievements, qualities, or possessions.

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